EMI Calculator India – Calculate Loan EMI Online

Calculate your Equated Monthly Installment for car loan, home loan, personal loan, or bike loan. Compare tenures, view amortization schedule, and download reports — all for free.

Monthly EMI
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Total Interest Payable
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Total Amount Payable
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Interest saved by choosing a shorter tenure

⚡ Early Loan Closure

🔄 Compare Loan Types — EMI at a Glance

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📈 Principal vs Interest Over Time

Amortization Schedule

Home Loan EMI Calculator – Plan Your Dream Home Purchase

A home loan EMI calculator helps you estimate the monthly installment for purchasing a house or flat. Home loans in India are offered by banks like SBI, HDFC, ICICI, Axis, PNB, and Bank of Baroda at competitive interest rates.

Home Loan Interest Rates in India (2026)

Home loan interest rates in India currently range from 8.25% to 9.50% for salaried individuals. Senior borrowers and women applicants often get an additional discount of 0.05–0.10%. Tenures can extend up to 30 years, making EMIs affordable even for larger loans.

Benefits of Using Home Loan EMI Calculator

  • Compare home loan offers from SBI, HDFC, ICICI by adjusting the interest rate
  • Plan your budget — know exactly how much EMI you'll pay each month
  • See how prepayment saves lakhs in interest over the loan tenure
  • View year-wise amortization to track principal vs interest breakdown
  • Claim tax benefits under Section 80C (principal) and Section 24(b) (interest)

For a ₹50 lakh home loan at 8.5% for 20 years, your EMI would be approximately ₹43,391 with total interest of around ₹54.14 lakhs. Use the early closure feature to see how you can save significantly. Also try our Loan Prepayment Calculator for detailed analysis.

Car Loan EMI Calculator – Finance Your New or Used Car

Planning to buy a car? Our car loan EMI calculator helps you estimate monthly payments before visiting the dealership. Whether you're buying a Maruti, Hyundai, Tata, Honda, or a luxury car, our calculator gives you accurate EMI figures in seconds.

Car Loan Interest Rates in India (2026)

Car loan interest rates in India range from 7.25% to 12% depending on the bank, car type (new vs used), and your credit score. New car loans typically have lower rates (7.25–9.5%) while used car loans are higher (10–14%). Common tenures are 1 to 7 years.

Who Offers the Best Car Loan Rates?

  • SBI — starting from 8.65% for new cars
  • HDFC Bank — from 8.75% with flexible tenures
  • ICICI Bank — competitive rates with instant approval
  • Bank of Baroda — one of the lowest rates for salaried employees
  • Bajaj Finance — quick processing, higher interest for used cars

For a ₹8 lakh car loan at 9% for 5 years, your EMI would be approximately ₹16,607. Calculate your home loan EMI or check the SIP Calculator to invest your savings.

Personal Loan EMI Calculator – Quick Unsecured Loan Planning

A personal loan EMI calculator helps you plan repayments for unsecured loans used for weddings, travel, medical expenses, or debt consolidation. Personal loans don't require collateral, but they come with higher interest rates.

Personal Loan Interest Rates in India (2026)

Personal loan interest rates range from 10.49% to 24% depending on your CIBIL score, income, employer category, and the lender. Top-tier salaried employees with 750+ CIBIL scores can get rates as low as 10.49%. Tenures typically range from 1 to 5 years.

Why Use Personal Loan EMI Calculator?

  • Determine if the EMI fits your monthly budget before applying
  • Compare rates across HDFC, ICICI, SBI, Bajaj Finance, Tata Capital
  • See total interest cost — personal loans can be expensive over long tenures
  • Plan early repayment to save on interest

For a ₹5 lakh personal loan at 14% for 3 years, your EMI would be approximately ₹17,094 with total interest of ₹1.15 lakhs. Consider whether a secured loan with lower rates might be a better option for large amounts.

Bike Loan EMI Calculator – Two-Wheeler Loan Planning

Buying a Royal Enfield, Honda, TVS, Bajaj, or Hero on EMI? Our bike loan EMI calculator helps you plan the monthly installment for your two-wheeler purchase. Two-wheeler loans are available from banks and NBFCs with minimal documentation.

Bike Loan Interest Rates in India (2026)

Bike loan interest rates typically range from 8% to 15%, with loan amounts from ₹30,000 to ₹5,00,000. Tenures range from 1 to 5 years. Banks like HDFC, ICICI, and Bajaj Finance offer competitive two-wheeler loan rates.

Bike Loan Key Features

  • Quick approval — many lenders offer instant 2-wheeler loan approval
  • Minimal documentation — Aadhaar, PAN, income proof
  • Down payment — typically 10–20% of the bike's on-road price
  • EMI from as low as ₹1,500 for budget bikes

For a ₹1.5 lakh bike loan at 10% for 3 years, your EMI would be approximately ₹4,840. Check car loan EMI if you're considering a four-wheeler instead.

Education Loan EMI Calculator – Plan Your Study Abroad or India Education

An education loan EMI calculator helps students and parents plan the repayment of education loans taken for undergraduate, postgraduate, or study abroad programs. Education loans in India have special features like moratorium periods.

Education Loan Interest Rates in India (2026)

Education loan interest rates range from 8% to 13%. Government banks like SBI and Bank of Baroda offer lower rates (8–9.5%), while private banks and NBFCs charge 10–13%. Key features include:

  • Moratorium period — EMI payment starts after course completion + 6–12 months
  • Tax benefit — full interest deduction under Section 80E (no limit)
  • Loans up to ₹7.5 lakh without collateral; higher amounts need collateral
  • Government interest subsidy under Vidyalakshmi scheme for economically weaker sections

For a ₹10 lakh education loan at 9% for 7 years, your EMI after moratorium would be approximately ₹16,089. Planning investments for the future? Check our SIP Calculator or FD Calculator.

Frequently Asked Questions – EMI Calculator

What is car loan EMI?
Car loan EMI is the fixed monthly amount you pay to repay your car loan. It includes both principal and interest. For example, an ₹8 lakh car loan at 9% for 5 years has an EMI of about ₹16,607. Interest rates range from 7–12% in India depending on the bank, car model, and whether it's new or used.
How is home loan EMI calculated?
Home loan EMI uses the formula: EMI = P × r × (1+r)^n / ((1+r)^n – 1), where P is loan amount, r is monthly interest rate (annual ÷ 12 ÷ 100), and n is the total months. Home loans have rates from 8–10% with tenures up to 30 years in India. Our calculator shows the complete amortization with year-wise breakdown.
What is personal loan EMI and why is it higher?
Personal loan EMI is typically higher than home or car loan EMI because personal loans are unsecured (no collateral). Interest rates range from 10–24%, and tenures are shorter (1–5 years). A ₹5 lakh personal loan at 14% for 3 years has an EMI of ₹17,094. Use our calculator to check affordability before applying.
Which loan type has the lowest EMI?
Home loans generally have the lowest EMI because they offer the longest tenure (up to 30 years) and lowest rates (8–10%). For the same ₹10 lakh: Home loan EMI at 8.5%/20yr = ₹8,678; Car loan at 9%/5yr = ₹20,758; Personal loan at 14%/3yr = ₹34,178. Use our "Compare Loan Types" feature above to see exact numbers for your amounts.
Can I reduce my EMI by prepayment?
Yes! Making prepayments reduces your outstanding principal. You can either reduce your EMI or shorten tenure. For floating-rate home loans, RBI mandates zero prepayment penalty. On a ₹50L home loan at 8.5%/20yr, prepaying ₹5L in year 3 can save over ₹8L in interest. Enable "Early Loan Closure" above to see your exact savings.
What is bike loan EMI?
Bike loan EMI is the monthly installment for two-wheeler loans. Rates range from 8–15% with tenures of 1–5 years. A ₹1.5L bike loan at 10%/3yr has an EMI of ₹4,840. Most NBFCs like Bajaj Finance and HDFC offer instant two-wheeler loan approval with minimal documentation.
How accurate is this EMI calculator for all loan types?
This calculator uses the exact standard formula that all Indian banks and NBFCs use, regardless of loan type. The EMI calculation is the same whether it's a home loan, car loan, or personal loan — only the interest rate, amount, and tenure change. Our results are verified through 64 automated test cases.