How to use EMI Calculator
Estimate the monthly instalment, total interest, and repayment for a fixed-rate loan with equal monthly payments.
- Enter the principal amount and annual interest percentage.
- Enter the repayment term in months, not years.
- Calculate and compare monthly payments and total interest across terms.
Worked example
A ₹12,000 loan over 12 months at 0% interest has a ₹1,000 monthly payment and ₹0 interest. A positive interest rate increases the payment under the reducing-balance formula.
Limits and things to check
The estimate excludes fees, insurance, taxes, missed payments, rate changes, and prepayments. Displayed amounts are rounded; actual lender schedules can differ.
Which EMI formula is used?
EMI = P × r × (1+r)^n ÷ ((1+r)^n − 1), where P is principal, r is the annual percentage divided by 1200, and n is months. With zero interest, EMI = P/n.
Processing and privacy
Your browser performs the operation locally. Inputs and results are not sent to OneClickWorks.
Common questions
Does this tool upload my input?
No. Processing happens in this browser tab and your input is not sent to OneClickWorks.
What happens when I leave the page?
In-memory input and generated download links are released when the page is reset, replaced, or closed. OneClickWorks does not persist tool content.