Runs entirely in your browser · No signup

EMI Calculator

Home loan, car loan, personal loan — monthly EMI in seconds.

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Monthly EMI
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Total interest
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Total payment
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Standard reducing-balance EMI formula. Actual bank EMI may differ due to processing fees, insurance, and rate type (fixed vs floating).

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How to use

  1. Enter loan amount, annual interest rate, and tenure in years.
  2. EMI updates instantly — no button needed.
  3. Use presets for quick home, car, or personal loan estimates.

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Frequently asked questions

How is EMI calculated?

EMI uses the standard reducing-balance formula: EMI = P × r × (1+r)^n / ((1+r)^n − 1), where P is principal, r is monthly rate, and n is the number of months.

Is this EMI calculator free for Indian home loans?

Yes. It is free, needs no signup, and works for home, car, and personal loans with any rupee amount and tenure.

Does ToolShoppy store my loan details?

No. All numbers are calculated in your browser. Nothing is uploaded or saved on our servers.

Can I compare different tenures?

Yes. Change the tenure or rate and the EMI updates immediately so you can compare options side by side.

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