Utilix

EMI Calculator

Find your monthly EMI for any loan instantly.

Loan amount
₹50.0 K₹2.00 Cr
Interest rate
1.0% p.a.24.0% p.a.
Loan tenure
1 yr30 yr
Monthly EMIlive
₹21,696
Principal
₹25.00 L
Interest
₹27.07 L
Total payable
₹52.07 L

About the EMI calculator

EMI (Equated Monthly Instalment) is the fixed amount you pay every month towards a loan. Calculate EMIs for home, car, or personal loans and see the full interest breakdown.

How it works

  1. 1
    Enter the loan amount
    The principal you want to borrow.
  2. 2
    Set the interest rate
    Annual rate offered by the lender (reducing balance basis).
  3. 3
    Choose tenure
    Longer tenures lower the EMI but raise total interest outgo significantly.
  4. 4
    Review the breakdown
    Compare principal vs interest in the chart and understand year-wise repayment.

Frequently asked questions

  • EMI = [P × r × (1+r)^n] / [(1+r)^n − 1] where P is principal, r is the monthly interest rate and n is total months.

  • Most lenders let you choose. Reducing tenure typically saves more interest, while reducing EMI improves monthly cash flow.

  • No. This calculator shows pure EMI. Add processing fees, insurance and statutory charges separately.

  • Many lenders allow conversion for a small fee. Run both scenarios in this calculator before deciding.

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