XotkaEMI Calculator
Work out your monthly instalment, total interest and total payment for a loan.
About EMI Calculator
Enter the loan amount, annual interest rate and tenure in years to see the monthly EMI, the total interest and the total amount payable. This is an estimate: lenders may add processing fees, insurance or use different rounding and compounding, so confirm with your lender's schedule.
How to use this tool
- Enter the loan amount.
- Enter the interest rate per year and the tenure in years.
- Read the monthly EMI, total interest and total payment.
Results and supported features can vary by tool and input. Review the controls and any on-page notes before relying on an output.
Frequently asked questions
How is EMI calculated?
EMI is the fixed monthly payment that repays the loan with interest over the tenure, based on the amount, annual rate and number of months.
Will my bank's EMI match this exactly?
It may differ slightly because of fees, rounding or the lender's own method. Use your lender's schedule as the final figure.
What does total interest mean?
It is the extra you pay over the loan's life: total payment minus the amount borrowed.