EMI Calculator India — Calculate Home Loan, Car Loan & Personal Loan EMI Online
Whether you are planning to buy a flat in Bengaluru, finance a new Maruti Swift, or need a personal loan to cover a medical emergency — the first question that hits you is: what will my EMI be? Our free online EMI calculator gives you the answer in under a second. Just enter the loan amount, the interest rate your bank is offering, and the tenure, and you will instantly see your monthly instalment along with the breakup of principal and interest.
EMI stands for Equated Monthly Instalment. Every Indian borrower, from someone taking a ₹2 lakh personal loan to someone buying a ₹1.5 crore house, pays back their loan through EMIs. The amount stays the same every month — that is the “equated” part — but in the early months, most of your EMI goes towards interest. As the loan matures, the principal component gradually increases. This is why making prepayments in the first few years of a home loan saves you far more interest than the same prepayment at year 15.
This calculator works for all loan types offered by Indian banks and NBFCs — SBI, HDFC Bank, ICICI Bank, Axis Bank, Kotak Mahindra, Bajaj Finserv, LIC Housing Finance, and more. The formula used is the standard reducing-balance method mandated by RBI, so the numbers you get here will match what your bank's loan officer tells you (give or take rounding).
How to Use This EMI Calculator
- 1
Enter the Loan Amount
Type in the principal amount you want to borrow — or drag the slider. Use the quick-select chips (₹1L, ₹5L, ₹15L, ₹50L) for common Indian loan amounts. The maximum supported is ₹1 crore; for larger home loans, use a multiplier of your choice and scale the result.
- 2
Set the Annual Interest Rate
Enter the rate your bank has quoted, in percent per annum. Home loan rates in India typically range from 8.5–9.5% in 2025; personal loans run 11–24%; car loans fall between 8.5–12%. If you have not got a quote yet, use the average for your loan type and treat the result as an estimate.
- 3
Choose Your Loan Tenure
Toggle between Years and Months, then use the slider or type directly. Most Indian home loans run 10–30 years; car loans 1–7 years; personal loans 1–5 years. Try different tenures to see how EMI and total interest change — this is usually the most eye-opening part for first-time borrowers.
- 4
Read Your Results
The blue card shows your monthly EMI. Below it you will see total interest payable and the total repayment amount (principal + interest). The donut chart gives you a quick visual of how much of your repayment goes to the bank as interest. Expand the amortization schedule to see a month-by-month breakdown.
EMI Reference Table — Common Loan Amounts in India (2025)
| Loan Type | Loan Amount | Interest Rate | Tenure | Monthly EMI | Total Repayment |
|---|---|---|---|---|---|
| Personal Loan | ₹5 Lakh | 12% | 5 yr | ₹11,122 | ₹6.67L |
| Car Loan | ₹8 Lakh | 9% | 7 yr | ₹12,852 | ₹10.79L |
| Personal Loan | ₹10 Lakh | 13% | 5 yr | ₹22,753 | ₹13.65L |
| Home Loan | ₹30 Lakh | 8.5% | 20 yr | ₹26,035 | ₹62.48L |
| Home Loan | ₹50 Lakh | 8.5% | 20 yr | ₹43,391 | ₹1.04Cr |
| Home Loan | ₹75 Lakh | 8.75% | 25 yr | ₹61,808 | ₹1.85Cr |
| Home Loan | ₹1 Crore | 9% | 30 yr | ₹80,462 | ₹2.90Cr |
Note: EMI figures above are approximate, calculated using the standard reducing-balance method. Actual EMI may differ slightly due to bank-specific processing fees, GST on charges, or rounding. Always confirm with your lender before signing.
Frequently Asked Questions about EMI in India
Plan your finances end-to-end
Knowing your EMI is just the first step. Use our other free calculators to build a complete picture — from how much interest your savings earn, to what your SIP will grow into over 20 years.