What is an EMI?
An equated monthly instalment combines principal and interest into one predictable monthly payment.
Smart borrowing, made simple
Know your loan
before you owe.
Calculate your EMI, compare the true cost of borrowing, and see how one extra payment can change your future.
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01
Loan details
₹
₹1 lakh₹1 crore
% p.a.
years
Applied after every 12th EMI
₹
02
Your repayment journey
A year-by-year view based on your current inputs.
| Year | Opening balance | Principal paid | Interest paid | Closing balance |
|---|
03Borrow with context,
Borrow with context,
not confusion.
How is it calculated?
We use the reducing-balance formula commonly used for home, vehicle and personal loans.
Why prepay?
Extra payments reduce outstanding principal, so future interest is calculated on a smaller balance.
Important: Results are estimates for educational use. Bank calculations may vary due to fees, rounding, rate changes and prepayment rules. Confirm terms with your lender.