Free EMI Calculator
Plan your borrowing with precision. Adjust the principal, tenure, and interest rate to see your exact monthly EMI, total interest payable, and a full amortization schedule.
Equated Monthly Installment
₹10,747
How to Use the EMI Calculator
Enter your loan amount (principal), the annual interest rate quoted by your lender, and the loan tenure in months. The calculator instantly displays your Equated Monthly Installment (EMI), the total interest you will pay over the life of the loan, and the total repayment amount.
Understanding Your EMI
EMI stands for Equated Monthly Installment — a fixed amount paid to a lender every month. It comprises both the principal repayment and the interest. In the early months of a loan, a larger portion of your EMI goes toward interest. As the loan matures, more of each payment reduces the principal. Use the amortization schedule below the calculator to see this breakdown month by month.
Ready to apply? Check your eligibility for a personal loan, business loan, or education loan from Aapka Credit.