Loan EMI Calculator
Calculate your monthly loan EMI instantly. See total interest payable and principal-interest breakdown for Home, Car, and Personal Loans. Free and private.
Loan Details
₹
%
Yr
Monthly EMI ₹ 0
Principal Amount ₹ 0
Total Interest ₹ 0
Total Payment ₹ 0
Principal Interest
Loan EMI Calculator — Plan Your Borrowing
Planning to take a loan? The EMI Calculator from SarkariTool helps you find out exactly how much you need to pay every month, and how much of your money goes towards interest vs. principal repayment.
How to Use
- Enter the Loan Amount — the total amount you plan to borrow.
- Set the Interest Rate — the annual rate offered by your bank.
- Choose the Tenure — how many years you'll take to repay.
- The EMI, total interest, and total payment update instantly.
Supported Loan Types
- Home Loan — Plan your dream home budget with realistic EMI estimates.
- Car Loan — Check affordability before visiting the dealership.
- Personal Loan — Manage unsecured loans and compare offers.
- Education Loan — Calculate repayment during your moratorium period.
Understanding the Results
The pie chart visually shows how your total payment splits between principal and interest. For long-tenure loans, interest can exceed the principal — adjusting the sliders helps you find the best balance between affordable EMIs and total cost.
Frequently Asked Questions
How is EMI calculated?
EMI is calculated using the reducing balance method: E = [P × R × (1+R)^N] / [(1+R)^N – 1], where P is the principal, R is the monthly interest rate, and N is the total number of months. This is the same formula used by all major banks in India.
Can I use this for Home Loans?
Yes. This calculator works for Home Loans, Car Loans, Personal Loans, Education Loans, and any reducing-balance EMI. Just enter the loan amount, interest rate, and tenure.
What does the pie chart show?
The pie chart shows the split between your principal amount (blue) and total interest paid (red) over the entire loan tenure. A larger red section means you're paying more in interest.
How do I reduce my total interest?
You can reduce total interest by: (1) choosing a shorter tenure, (2) making a larger down payment to reduce the principal, or (3) negotiating a lower interest rate. Even a 0.5% reduction in rate can save lakhs over a long tenure.
Is the interest rate monthly or yearly?
You should enter the annual (yearly) interest rate. The calculator automatically converts it to the monthly rate for the EMI formula.
Does it show the amortization schedule?
Currently the tool shows the total EMI, principal, interest, and total payment with a visual pie chart breakdown. An amortization schedule feature is planned for a future update.
Is my data stored?
No. All calculations happen in your browser. No loan details are sent to any server.