EMI Calculator: home, car and bike loan EMI
Find the monthly EMI, total interest and the loan left year by year for a home, car, bike or personal loan.
Frequently asked questions
How is EMI calculated?
EMI = P × r × (1+r)^n / ((1+r)^n − 1), where P is the loan amount, r the monthly interest rate (annual rate ÷ 12 ÷ 100) and n the number of months.
How can I lower my EMI?
A longer tenure lowers the EMI but raises the total interest. Part-prepayments from time to time reduce the total interest.
Does it include processing fees?
No. Processing fees, insurance and GST differ by bank.
City Jugnu's tools are for information only. Confirm with the relevant department, bank or an expert before important decisions.