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EMI Calculator

Calculate your monthly EMI for any loan — home, car, personal, or education. Returnly recommends keeping total EMIs under 40% of net monthly income.

₹
₹10,000₹5,00,00,000
%
1%30%
yrs
1 yrs30 yrs
Monthly EMI₹21,247
Total Interest₹2,74,823
Total Payment₹12,74,823
SIP

Formula

EMI = P × i × (1+i)^n / ((1+i)^n − 1)

Standard amortising loan EMI formula.

Where

  • EMI= Equated Monthly Instalment
  • P= Loan principal
  • i= Monthly interest rate (annual ÷ 12 ÷ 100)
  • n= Loan tenure in months

How to use the EMI Calculator

  1. 1Enter the loan amount.
  2. 2Enter the bank's interest rate.
  3. 3Choose tenure.

Why it matters

  • Plan your monthly cashflow.
  • Compare loan offers easily.
  • See total interest outgo.

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Frequently asked questions

Should I prepay my loan or invest the surplus?+

If your loan rate is higher than expected investment return, prepay. Otherwise, invest.