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Finance & Money Calculator
Illustrative math, reviewed October 2026 — not financial, tax, or legal advice. Verify rates and slabs before you sign or file.
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An EMI calculator answers one question: for a reducing-balance loan, what fixed monthly payment clears principal P at annual rate R over N months? The formula is EMI = P·r·(1+r)^n / ((1+r)^n − 1) with r = R ÷ 12 ÷ 100. For example, ₹10,00,000 at 8.5% over 240 months pays ₹8,678 a month — ₹10,82,776 of interest on top of principal. Early instalments are mostly interest; principal repayment grows as the balance falls.
Enter the amount actually disbursed (before fees), the reducing-balance rate from the offer letter, and total months (20 years is 240). The real insight is comparative: shorten the tenure and watch total interest collapse, or nudge the rate and see how little the EMI moves versus how much lifetime interest does. For product-specific tenure norms and tax notes, the linked home, car, and personal-loan pages share this formula with their own context.
It does not add fees, insurance, or tax effects to the EMI, and it cannot tell you whether to borrow — only what repayment looks like if you do. Product-specific tenure, tax, and on-road notes live on the linked calculators.
Home loan with a long tenure and tax notes? Try the Home Loan EMI Calculator.
Financing a car? Try the Car Loan EMI Calculator.
Unsecured borrowing? Try the Personal Loan EMI Calculator.
Illustrative math only — not financial advice or a bank quote.
Tax and statutory rules change; verify with a professional.
Use this page for a quick figure on any loan. Switch to the home, car, or personal-loan calculators when you want tenure ranges and India-specific product notes alongside the same formula.
Over a long tenure interest compounds on the outstanding balance, so a 20-year home loan can pay back well over the borrowed amount. Shortening the tenure or prepaying principal is what cuts total interest, not a lower EMI.
Rarely to the rupee. Banks add fees and may use a different day-count or reset date. Use this to compare offers, then trust the amortisation schedule the lender issues.
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