Online EMI Calculator
Calculate your estimated monthly loan EMI, total interest and total repayment. Explore Personal, Home, Business, Car, Gold and other loan options with LoansBazaar India.
Calculate Your EMI Explore Loan AssistanceCalculate Your Loan EMI
Enter your loan details below. You can adjust the sample interest rate to match the rate quoted by your lender.
Indicative rates are only starting examples for calculation, not live lender offers or a promise of eligibility. Actual rates vary by lender and applicant profile.
Your EMI Estimate
Repayment Breakdown
Your estimate updates when you change the amount, rate or tenure.
Enquire About Loan OptionsEMI Calculator for All Loan Products
Use the calculator above to estimate monthly repayments for different loan types. Select the relevant product and enter the amount, annual interest rate and repayment period applicable to your enquiry.
Personal Loan
Estimate EMI for personal expenses, emergencies or planned purchases. Lender eligibility and permitted usage apply.
Explore Personal Loan Options →Home Loan
Estimate monthly repayments for a home purchase, construction or eligible home loan transfer.
Explore Home Loan Options →Business Loan
Plan repayments for eligible business expansion, inventory, equipment or working capital needs.
Explore Business Loan Options →Loan Against Property
Estimate repayment for a property-backed loan, subject to property valuation and lender assessment.
Explore LAP Options →Car Loan
Compare illustrative repayment scenarios for new or eligible used vehicle financing.
Explore Car Loan Options →Education Loan
Estimate repayments based on a chosen rate and tenure. Moratorium and repayment terms may differ by lender.
Explore Education Loan Options →Gold Loan
Estimate a repayment scenario for eligible gold-backed borrowing. Some gold loan products use different repayment structures.
Explore Gold Loan Options →MSME Loan
Plan indicative repayments for eligible micro, small and medium enterprise funding.
Explore MSME Loan Options →Working Capital
Estimate a standard term-loan EMI for planning. Actual working capital facilities may use different interest and repayment methods.
Explore Working Capital Options →OD / Cash Credit
Overdraft and cash credit interest is often calculated on the amount utilised and period outstanding. A standard EMI may not apply.
Explore OD / CC Options →Machinery Loan
Estimate term-loan repayments for eligible machinery or equipment financing.
Explore Machinery Loan Options →Project / Construction Finance
Use an illustrative EMI for planning. Project finance may involve staged disbursement, moratorium or customised repayment terms.
Explore Project Finance Options →Product links above currently direct to the LoansBazaar India homepage. Replace them with each product's verified page URL when available.
How Is EMI Calculated?
The standard reducing-balance EMI formula is:
EMI = P × r × (1 + r)n ÷ [(1 + r)n − 1]
Where P is the principal loan amount, r is the monthly interest rate (annual rate divided by 12 and 100), and n is the total number of monthly instalments.
The calculator estimates equal monthly instalments under this formula. It does not include every lender-specific fee, insurance premium, tax, rate reset or non-standard repayment structure.
What Affects Your Loan EMI?
1. Loan Amount
A higher principal generally means a higher EMI when the interest rate and tenure remain the same.
2. Interest Rate
A higher annual rate generally increases both the EMI and the total interest payable.
3. Loan Tenure
A longer tenure can reduce the monthly EMI, but may increase total interest over the life of the loan.
4. Lender Terms
Fees, floating-rate changes, disbursement schedules and repayment rules can affect the actual cost of borrowing.
How to Use This EMI Calculator
- Select the loan product you want to estimate.
- Enter the required loan amount.
- Set the annual interest rate quoted by the lender or use the illustrative default.
- Choose the repayment tenure in years.
- Review the estimated EMI, total interest and total repayment.
- Contact LoansBazaar India for information and assistance exploring available lender options.
Frequently Asked Questions
Is this EMI Calculator free to use?
Yes. You can use this on-page calculator to estimate EMI by changing the loan amount, annual interest rate and tenure.
Are the interest rates shown live bank rates?
No. The default rates are illustrative values for calculation only. Check the latest rate, fees and terms directly with the relevant lender before applying.
Does a lower EMI always mean a cheaper loan?
No. A longer tenure may reduce the monthly instalment but increase total interest. Compare the total repayment and all applicable charges.
Can I calculate EMI for a floating-rate loan?
You can estimate a scenario using the rate entered. Actual EMI or tenure may change if the lender changes a floating interest rate.
Does this calculator guarantee loan approval?
No. It only estimates repayments. Approval, eligibility, loan amount, interest rate and terms are determined by the lender after its assessment.
Can I use this calculator for an OD or Cash Credit facility?
You can calculate an illustrative term-loan EMI, but OD and Cash Credit interest is generally based on facility terms and the amount utilised. This standard EMI result may not represent the actual payment due.
What details should I confirm before accepting a loan?
Confirm the annual interest rate and whether it is fixed or floating, processing fees, total repayment, prepayment rules, late-payment charges, insurance if applicable and the lender's Key Facts Statement or other required disclosures.
Need Help Exploring Loan Options?
LoansBazaar India provides loan information and enquiry/application assistance for customers exploring available financial products from lenders.
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