EMI calculator
Works out the monthly instalment on a loan from the amount, the interest rate and the tenure, and shows how much of it is interest.
Illustrative only — this is not a projection or a promise of returns. Figures use the loan rate you entered; a floating rate will change.
What this is, and what it isn’t
This is arithmetic on the numbers you typed. It compounds them at the rate you chose and shows you the result. That is all it does.
It is an illustration, not a projection. It is not a forecast, not a recommendation, and not an offer. Nobody knows what any investment will return, so the rate you enter is an assumption you are making, not a rate anyone is offering you. Real returns arrive unevenly — good years, flat years and falling years, in an order nobody can predict — and that order matters as much as the average.
Use the output the way you’d use a rough estimate on the back of an envelope: to see whether the shape of a plan is roughly right, not to decide what a specific rupee amount will be worth on a specific date.
This is an illustration, not a quote, and we are not a lender. Your bank’s sanction letter is the only number that binds anyone. We include this because an EMI and an SIP compete for the same monthly salary, and it helps to see both.
What this calculation assumes
The standard formula: EMI = P × r × (1+r)^n ÷ ((1+r)^n − 1), where r is the monthly rate and n the number of months. The assumptions:
- The rate never changes. On a floating-rate loan it will. When rates rise, most Indian lenders hold the EMI steady and extend the tenure instead, so the number that moves is the one people don’t watch.
- No prepayment. A single prepayment early in the term removes a disproportionate amount of interest, because the early instalments are mostly interest.
- Nothing added on top. Processing fees, documentation charges, insurance premiums bundled into the loan, and late-payment charges are all excluded.
- Every instalment paid on the due date.
About these calculators
Is this figure a projection of what I will earn?
No. Every figure here is an illustration produced from the numbers you type in, at a rate of return you choose yourself. It is arithmetic, not a forecast: mutual fund returns are market-linked and not assured, and the actual outcome will differ.
Does this account for tax, expense ratio or exit load?
Unless a field asks for it, no — the core calculators show how compounding works on the inputs you give. Real outcomes are reduced by the scheme’s expense ratio, by any exit load, and by tax on your gains.
Why do your figures differ from another site’s calculator?
Almost always because of the assumptions, not the maths — the return rate, whether tax and costs are included, and how compounding frequency is handled. Change those to match and the numbers converge. Every one of these is an illustration of arithmetic, not a claim about a real scheme.
Is an SIP better than investing a lump sum?
Neither is universally better — they suit different situations. An SIP spreads your investment across many dates, which fits money that arrives monthly and takes the timing decision off your plate; a lump sum puts money to work at once, which fits money you already hold. Which applies to you depends on your cash flow and goal, so it is a conversation rather than a rule. SIP or lump sum, compared goes deeper.
Talk to us
If you’d rather go through your own numbers with a person than a form, that’s what we’re for. You’ll speak to Himani, who runs H2 — the same person every time.
Other calculators
See all calculators. None of these ask for your name, your phone number or your PAN. Nothing you type is stored or sent anywhere. Use them as often as you like without hearing from us.