(Principal + Interest)
| Month | EMI | Principal (A) | Interest (B) | Balance | Paid % |
|---|
EMI Calculator – Calculate Your Loan EMI Online
An EMI (Equated Monthly Instalment) is the fixed amount you pay every month to repay a loan. Use the CibilBazaar EMI Calculator to estimate your monthly EMI, total interest and total repayment for a personal loan, home loan, car loan or any other loan before you apply.
Enter the loan amount, interest rate and loan tenure, and the calculator shows your EMI instantly. You can view the repayment monthly or yearly, and download or share the result.
What Is an EMI?
An EMI is the fixed monthly payment that covers both the interest and a part of the principal of your loan. In the early months a larger share of each EMI goes towards interest, and over time the principal share increases.
EMI = [P × r × (1 + r)^n] ÷ [(1 + r)^n − 1], where P is the loan amount, r is the monthly interest rate (annual rate ÷ 12 ÷ 100) and n is the number of monthly instalments.
How to Use the EMI Calculator
Enter the Loan Amount
Type the amount you plan to borrow or use the slider.
Set the Interest Rate
Enter the annual interest rate offered or expected from the lender.
Choose the Loan Tenure
Select the repayment period in months or years.
Review Your EMI
Check your monthly EMI, total interest payable and total amount repayable.
Download or Share
Export the result as a PDF or Excel file, or share a link to the calculation.
Factors That Affect Your EMI
Loan Amount
A higher loan amount increases your EMI, while a lower amount reduces it.
Interest Rate
Even a small change in the interest rate can noticeably change your EMI and total interest, especially over a long tenure.
Loan Tenure
A longer tenure lowers the EMI but increases the total interest paid. A shorter tenure does the opposite.
Benefits of Using the EMI Calculator
Instant Results
Get your estimated EMI in seconds without any manual calculation.
Plan Your Budget
Check whether the EMI fits comfortably within your monthly income before you apply.
Compare Loan Options
Try different amounts, rates and tenures to find a repayment plan that suits you.
Download and Share
Save the repayment details as a PDF or Excel file, or share them with family or advisers.
Things to Keep in Mind
The EMI shown is an estimate based on the figures you enter. Processing fees, GST, insurance premiums and other charges are not included unless stated.
Your actual EMI, interest rate and tenure are decided by the lender at the time of approval.
Frequently Asked Questions (FAQs)
1. What is an EMI?
An EMI is the fixed amount you pay to the lender every month until your loan is fully repaid. It includes both interest and a portion of the principal.
2. How is EMI calculated?
EMI depends on the loan amount, the monthly interest rate and the number of instalments. The calculator applies the standard EMI formula for you instantly.
3. Does a longer tenure reduce my EMI?
Yes, a longer tenure usually lowers the monthly EMI, but you pay more interest in total over the life of the loan.
4. Can I use this calculator for any type of loan?
You can use it to estimate the EMI for personal loans, home loans, car loans and other loans that are repaid in equal monthly instalments.
5. Is the EMI shown final?
No. The result is an estimate for planning purposes. The final EMI depends on the lender's approved amount, rate, tenure and applicable charges.
6. Can I download or share my calculation?
Yes. You can download the repayment details as a PDF or Excel file, or use the share link option.
Disclaimer: EMI results are estimates provided for informational purposes only and do not constitute a loan offer, approval or commitment. CibilBazaar is a loan marketplace and is not a bank or NBFC. Please verify the latest information with the relevant bank or NBFC before submitting your application.
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