EMI Calculator -

Loan Name (optional) Loan Type

Loan Amount (Principal) ?The total amount you are borrowing.

Interest Rate (annual %) ?The nominal annual interest rate quoted by your lender. Loan Tenure Tenure Unit

Loan Start Date ?Used to date each installment in the amortization schedule.

Interest Method ?Reducing Balance charges interest only on the outstanding principal each period (standard for most bank loans). Flat Rate charges interest on the full original principal for the whole tenure (common for some auto/personal loans) — usually costs more even at the same quoted rate.

Reducing Balance Flat Rate

EMI Timing ?"End of Month" (arrears) is the standard — your first installment is due one month after disbursement. "Start of Month" (advance) means your first installment is due immediately at disbursement, which slightly lowers the EMI.

End of Month Start of Month

Compounding Frequency ?How often the lender compounds interest before converting it to a monthly rate. Most bank loans compound monthly (the common default); some use quarterly or annual compounding, which changes the effective monthly rate slightly.

Fees & Insurance (optional)

Processing Fee ?A one-time fee your lender charges to process the loan. Shown separately — it does not change your EMI. Fee Type

Monthly Loan Insurance / Protection Payment ?A fixed insurance or payment-protection premium billed alongside your EMI each month. It does not reduce your principal, but it does add to what you actually pay out each month.

Other Fee (custom, optional) Amount Type

Estimates only — not financial advice. Confirm exact figures with your lender's amortization statement.

Try an example:

Monthly EMI $0.00

Estimate only, not financial advice.