Finance Tools
EMI Calculator
Calculate your EMI, total interest, and see how prepayments can reduce your loan cost.
Your loan
Make extra payments
Pay extra toward your loan to see how much interest and time you could save.
Your results
Principal vs Interest
Calculations assume a constant interest rate and regular repayment schedule. Actual loan costs may vary.
Repayment Breakdown Over Time
Frequently Asked Questions
What is EMI? +
EMI (Equated Monthly Instalment) is the fixed monthly payment you make to repay a loan. It includes both principal repayment and interest.
How is EMI calculated? +
EMI = P × r × (1+r)^n / ((1+r)^n - 1), where P is the principal, r is the monthly interest rate, and n is the number of months.
Does prepayment really save that much? +
Yes, because interest is calculated on the outstanding principal, reducing it early has a compounding effect. Even a small extra monthly payment on a large loan can save significantly in interest.
Should I choose a shorter or longer tenure? +
Shorter tenure means higher EMI but significantly less total interest. Longer tenure reduces monthly burden but increases total cost. Use this calculator to compare both scenarios.