EMI Calculator 2026
Calculate your monthly EMI for home loan, car loan, or personal loan
₹30,00,000
₹1,00,000₹2,00,00,000
8.5%
5%20%
20 years
1 years30 years
Monthly EMI
₹26,035
Total Interest
₹32.48 L
108% of loan
Total Payment
₹62.48 L
📚How This Calculator Works
EMI is calculated using the reducing balance method. Each month, interest is charged on the outstanding principal, not the original loan amount. As you pay EMIs, the interest component decreases and the principal component increases.