Principal
The amount you borrow before interest.
Free tools
Free EMI / Loan Calculator
Monthly EMI, interest, and total payable
Enter principal, annual interest rate, and tenure in months. Reducing-balance EMI formula with a short schedule preview.
₹
Monthly EMI₹0.00
Total interest₹0.00
Total payable₹0.00
Illustrative estimate only. Rules change; this is not tax, legal, or financial advice. Confirm with a qualified professional before filing or paying.
Understanding EMI
1
EMI keeps your monthly outflow fixed for the tenure
2
Early EMIs have a higher interest share
3
Later EMIs repay more principal
4
Total payable is EMI × number of months
Typical Uses
Home
- Long tenure
- Lower rates
Personal
- Shorter tenure
- Higher rates
Business
- Working capital
- Equipment loans
How This Calculator Works
- 1
Enter the loan principal
- 2
Enter annual interest rate (%)
- 3
Enter tenure in months
- 4
Review EMI, interest, total payable, and preview rows
Key Concepts
Reducing balance
Interest each month is charged on the outstanding principal.
Prepayment
Paying early can cut interest — lender rules and charges may apply.
APR vs rate
Fees and insurance can make effective cost higher than the quoted rate.
EMI Calculator FAQs
Enter the current rate for an estimate. Rate resets over the loan life are not simulated.
Planning business finances?
Pair EMI planning with GST and compliance tools in the Vardhan Tax app.
Download Vardhan Tax App