EMI Calculator
Monthly EMI, total interest and payment for any loan.
How the EMI Calculator works
Equated Monthly Instalments (EMIs) repay both principal and interest over the loan tenure. Use it for home, car, personal or education loans.
EMI Calculator formula
EMI = P × r × (1 + r)ⁿ ÷ ((1 + r)ⁿ − 1), where r = monthly rate
Results are estimates for illustration only and not financial advice.
How to use the EMI Calculator
- Enter the loan amount and the annual interest rate.
- Choose the loan tenure in years.
- See the monthly EMI, total interest and a year-wise repayment schedule.
EMI Calculator: FAQs
Is the EMI Calculator free to use?
Yes. The EMI Calculator on IPO Darbaar is free, needs no sign-up and works on mobile and desktop.
Is my data saved anywhere?
No. All calculations run in your browser; the numbers you enter are not sent to or stored on our servers.