EMI calculator

Work out the monthly instalment on a loan and see how much of each payment goes to interest.

₹
%

Questions people ask

How is EMI calculated?
EMI = P × r × (1 + r)^n ÷ ((1 + r)^n − 1), where P is the loan amount, r is the yearly rate ÷ 12 ÷ 100 and n is the number of months. This is the reducing-balance method Indian banks use.
Why is the last instalment slightly different?
The EMI and each month's interest are rounded to the paisa, so the last payment clears whatever is left. On a long loan it can differ from the EMI by a few rupees.
Does this include processing fees or insurance?
No. Add the lender's processing fee, GST on fees and any insurance separately.

Want this inside your own account?

Marketiism keeps your invoice numbers, GST reports, UPI payment links and WhatsApp reminders in one place. Leave your details and we'll call to set it up for your business, or start the trial yourself.

Start free trial

We use this only to contact you about Marketiism. No spam.

More free tools

Invoice generator

GST or non-GST invoice, quotation or bill you can print or save as PDF.

GST calculator

Add or remove GST, with the CGST and SGST or IGST split.

Try it on your own business for two weeks.

14 days free, no card. If you get stuck setting up WhatsApp, we'll get on a call and do it with you.