Plan EMI Calculator

EMI Online Calculator for Home, Car & Personal Loans in India

Calculate EMI for Home Loan, Car Loan & Personal Loan in India








EMI for different time durations

emi calculator cta

Frequently Asked Questions

What is EMI?

An equated monthly installment (EMI) is a fixed payment amount made by you (borrower) to a bank (lender) each month. EMIs are used to pay off both interest and principal each month, so that over a specified number of years, the loan is paid off in full.

What is the formula to calculate EMI?

emi calculator formula


  • P is the principal loan amount
  • A is the EMI
  • r is the interest rate (calculated on monthly basis)
  • n is the loan tenure or duration in number of months.

How to use the EMI Calculator?

Our EMI calculator helps you calculate the EMI payable for home loan, personal loan and car loans.You can enter the loan amount, interest rate and the tenure (period of time within which loan will be repaid) and the calculator will calculate the EMI for that tenure.

What are the factors affecting loan on EMI?

There are 3 factors that affect the loan EMI, principal loan amount, loan repayment tenure and the monthly interest rate. The change in any of these can change the EMI amount. Provided the interest rate remains the same, the EMI is lesser for longer loan repayment tenure and vice versa.The monthly EMI is higher for higher loan amount and interest rate.

At Scripbox, we believe that if your Home Loan, Car Loan or Personal Loan interest rate is high, then you must prepay those first before investing.

Fixed Deposit interest rates are always lower than the Interest rate on Loans. Additionally, the interest income from emi is also taxable at a rate as per your Income Slab (For example Tax Rate is 30% for a person with Annual Income greater than Rs 10 Lakhs).