QuickCalcs

Loan EMI Calculator

Calculate your loan EMIs and understand the total cost of borrowing. Plan your home loan, car loan, or personal loan effectively.

Loan Details
Enter your loan parameters to calculate EMI
Typical Interest Rates:
  • Home Loan: 8.5% - 11.0%
  • Car Loan: 9.0% - 12.0%
  • Personal Loan: 12.0% - 18.0%
  • Education Loan: 9.5% - 13.5%
About Loan EMI Calculator

An EMI (Equated Monthly Installment) is a fixed payment amount made by a borrower to a lender at a specified date each calendar month. This calculator helps you determine your monthly payment obligation and the total cost of your loan.

Key Components of EMI:

  • Principal: The loan amount you borrow
  • Interest: The cost of borrowing money
  • Tenure: The time period to repay the loan

Important Tips:

  • Keep your EMI under 30-40% of your monthly income
  • Shorter tenure = Higher EMI but lower total interest
  • Longer tenure = Lower EMI but higher total interest
  • Compare interest rates from multiple lenders
  • Consider making prepayments to reduce interest burden

Types of Loans:

  • Home Loan: Typically 15-30 years tenure, lowest interest rates
  • Car Loan: Usually 5-7 years tenure, moderate interest rates
  • Personal Loan: Generally 2-5 years tenure, highest interest rates
  • Education Loan: Flexible tenure, competitive rates with tax benefits