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EMI Calculator

Change Loan Amount, Interest Rate & Tenure for your calculation
Loan Amount
Rs. 20,00,000
Rs. twenty lakh(s).
Interest Rate (Reducing) % Per Annum
Loan Tenure (in Months)
Calculated Monthly EMI
Total Amount with Interest
Flat Interest Rate PA
Flat Interest Rate PM
Total Interest Amount
Yearly Interest Amount

Principal + Interest

How EMI Calculator works or Calculate EMI

Our EMI calculator is easy to use and is quick to perform. Use our EMI calculator as a guide before availing for any kind of loan. EMI calculator let's you judge how affordable a loan can be for you. Always use the calculator to get a quick quote on your EMIs. You can calculate home loan and personal loan EMI with this calculator. If the quote satisfies you, then apply accordingly. It is this simple.

• Enter the loan amount you wish to avail in the EMI calculator.
• Then enter the loan tenure (months).
• And the rate of interest (reducing).
• Press "calculate".
• Our EMI calculator will tell you just how much your EMI amount comes to.

Along with your EMI you also get results like :
• total amount with interest.
• flat interest rate PA / PM.
• total interest amount.
• yearly interest amount.

And if you think the EMI is a bit more than you can afford, you could always re-calculate.
This time enter either less loan amount or longer loan tenure in the calculator.
You can also continue to re-calculate until our calculator gives you an EMI that you are satisfied with.

Also remember to compare quotes from different banks.
You can do this by entering the loan amount and the rate of interest with the loan tenure of, say bank "A". See how much it amounts to.
Then do the same again of bank "B". Whichever suits your needs and fits your wants, apply.

In today’s scenario banks are coming your way with bouquet of offer for your loan requirements. To have a finest deal from these banks one should ponder to following points before cracking a deal.
Don’t be corrupted by paying high EMIs at low rate of interest

Other Online Calculators & Tools:

Home Loan EMI Calculator

Home Loan Eligibility Calculator

Personal loan EMI calculator

Personal loan eligibility Calculator

Prepayment Calculator

Part Payment Calculator

Car loan EMI Calculator

Home Loan Balance Transfer Calculator

Better compare EMIs with same tenure And then with rate of interest

(1) Check your reimbursement power (EMI) : You repay the loan in equated monthly installments, or EMI, consist of principal as well as interest as its constituent. Since you pay an equal amount month after Month, these payments are called equal monthly installments. The EMI depends on the amount of the loan, the interest rate and the term of the loan. It Is an unequal combination of principal repayment and interest cost every month. In the Beginning bank recovers their interest payments and gradually more of the principal repayment by the end of the loan tenure. EMI amount should range maximum to the 40% of your monthly income. One should consider offers from various banks as it may differ from one bank to another bank. Your involvement into the process might end up in a win- win situation for you.

(2) Market around (Rate of interest): Today there are many lenders in the market. Every bank is offering loans Whether it’s a nationalized bank, private bank or foreign bank each of them is there in the show. Every bank offers different personal loan rates and home loan rates according to the profile of the customer. So, before finalizing a deal one should consider deals from various banks and than come to a conclusion. And aware of the fact that some people might mislead you by charging high rate of interest at reducing rate and might inform the same at flat rate of interest. So, its always advisable to check full detail with the banks and do better comparison in respect of EMIs , Tenure and rate of interest and keeping tenure as constant with all the banks will ease your comparison and will result in better analysis, finally leading to a prudent decision.

(3) Tenure: It’s one of the most important factors that one should keep in mind while taking loan. It refers to the no. of years for which the loan has been taken. Longer the tenure higher will be the interest paid and lower will be amount of EMI to be paid and vice-a-versa. It is one of the parameters which helps in comparing the EMIs from different banks keeping it constant for relationship and easing the judgment.

(4) Loan Disbursal Time: Loan disbursal time is the period in which loan is processed and the customer receives the demand draft from the bank. Disbursal time differs from one bank to another bank. Its an important factor because there is always a reason behind taking a loan if the opportunity of that objective is lost than its of no use better ask your bank the Turn Around Time and take the loan considering your urgency or better plan it in advance.

(5) Processing Fee, Administrative Charges & Pre-Payment Charges: When you Borrow, Your loan carries other charges as well apart from interest that may include Processing Fee which bank charges to process your file and pays to the processing hubs, charges may vary from 1-2% of the loan amount sanctioned by bank. Besides this there is Pre-Payment Charges also which loan carries for the Pre-Closure of the Loan it’s always advisable to take loan which has no penalty for the pre-closure of loan because it might happen in the long-run you have enough money to pay your debt and thereby save interest on the same else you can have the opportunity to get your loan transferred at low rate of interest.

(6) Insurance Facility: Some bank offers insurance facility by charging small amount of premium which is added to the EMI paid for the loan amount and the person is insured for the amount he has taken loan and incase something unexpected happens. Assured amount will be given to the bank without burdening the members of the family.

Sample Results
Year Principal Interest Balance Amount
1 Rs. 31,083 Rs. 208,533 Rs. 1,968,917
2 Rs. 34,509 Rs. 205,107 Rs. 1,934,408
3 Rs. 38,311 Rs. 201,305 Rs. 1,896,097
4 Rs. 42,537 Rs. 197,079 Rs. 1,853,560
5 Rs. 47,221 Rs. 192,395 Rs. 1,806,339
6 Rs. 52,426 Rs. 187,190 Rs. 1,753,913
7 Rs. 58,203 Rs. 181,413 Rs. 1,695,710
8 Rs. 64,618 Rs. 174,998 Rs. 1,631,092
9 Rs. 71,740 Rs. 167,876 Rs. 1,559,352
10 Rs. 79,644 Rs. 159,972 Rs. 1,479,708
11 Rs. 88,422 Rs. 151,194 Rs. 1,391,286
12 Rs. 98,165 Rs. 141,451 Rs. 1,293,121
13 Rs. 108,983 Rs. 130,633 Rs. 1,184,138
14 Rs. 120,994 Rs. 118,622 Rs. 1,063,144
15 Rs. 134,327 Rs. 105,289 Rs. 928,817
16 Rs. 149,132 Rs. 90,484 Rs. 779,685
17 Rs. 165,567 Rs. 74,049 Rs. 614,118
18 Rs. 183,812 Rs. 55,804 Rs. 430,306
19 Rs. 204,069 Rs. 35,547 Rs. 226,237
20 Rs. 226,407 Rs. 13,056 Rs. 0
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Full Name
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Email ID
Net Salary (Yearly)
I Agree to privacy policy and  Terms and Conditions.
Personal Loan Rate of Interest
( Last updated on 29 September 2016 )
of Interest
Apply Here
Kotak 12.99%-17%
HDFC Bank 11.49%-19.5%
Now : Rs 999 for Special offers otherwise 1% - 2% APPLY
Fullerton India 21%-32%
Bajaj Finserv 15%-17%
Upto 2% APPLY
HDB Financial Services 16%-21%
up to 2% APPLY
ICICI Bank 13.49%-17.5%
0.50% - 2.25% APPLY
Indus Ind Bank 12.99%-17%
Up to 50% off * APPLY
Citibank 11.49%-16.50%
Up to 2.00% APPLY
Capital First 14.00%-22.00%
2.00% APPLY
Home Loan Rate of Interest
( Last updated on 29 September 2016 )
of Interest
Apply Here
LIC Housing 9.50% 2% APPLY
HDFC Ltd 9.40% - 9.45% 2% APPLY
ICICI Bank 9.40% - 9.45% 2% APPLY

199 Comments, read them below or add one
  • shanmugam      August 30, 2016 12:15 pm
    sir i want personal loan pls guide me
    Post Reply
    • Atal      September 3, 2016 2:49 pm
      Dear sir, first you have to coimpare & then choose the best offer for yourself at http://www.deal4loans.com/apply-personal-loan-continue.php
      Post Reply
    • Kaleem      August 19, 2016 5:55 pm
      Hi, I want to confirm it will possible to get personal loan thru my NRE account and in Which bank can provide. Thanks
      Post Reply
      • Atal      September 3, 2016 2:48 pm
        Dear sir, you are eligible for loan, you can go with private banks like Axis, HDFC, ICICI, Kotak etc
        Post Reply
      • OWEN DIAS      August 3, 2016 12:27 pm
        What would be the total amount if interest on Rs.48,00,00 is compounded @9.50% over a period of 9 years
        Post Reply
        • Atal      August 8, 2016 12:56 pm
          Dear sir, You have to pay compound interest of Rs.715876.92 in 9 years on loan amount of 48 lakh.
          Post Reply
        • Abhiram      June 11, 2016 11:44 am
          i want to have 2 wheeler loan upto one lakh, may i know lowest interest rate and EMI too....and laon tenure in SBI or Icici bank.
          Post Reply
          • Auto Emi Portal      August 8, 2016 12:55 pm
            Dear sir, State Bank of India offers lowest rates than ICICI Bank.
            Post Reply
          • laxman morle      May 2, 2016 10:06 am
            dear sir, for 10 years of tenure you can get maximum upto 1 lakh of home loan amount better to go with higher loan repayment which helps you to get or required loan amount of 1 lakh for property. Thanks.
            Post Reply

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