EMI Calculator
Work out your monthly EMI, the total interest you will pay, and the full cost of a loan. Change the amount, rate or tenure and the result updates instantly.
This calculator needs JavaScript. You can calculate EMI by hand with: EMI = P × r × (1+r)^n ÷ ((1+r)^n − 1), where P is the loan amount, r is the monthly interest rate, and n is the number of months.
Your monthly EMI
₹0
Interest 50%
Year-by-year breakdown
| Year | Principal paid | Interest paid | Balance left |
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How the EMI is calculated
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. This assumes a reducing-balance loan, where interest is charged only on what you still owe. Read more in our guide on how EMI is calculated.
Note: This calculator gives an estimate for education only. Your lender’s actual EMI may differ because of processing fees, GST, insurance, rounding, and how they count the first instalment. Always check the final loan terms with the lender. Some links on Koshfin are affiliate links; we may earn a commission at no extra cost to you.