🇮🇳 India 🔥 Most popular Last tested2026-05-28
EMI Calculator made simple.
⚡
Quick answer
A ₹25 lakh home loan at 8.5% p.a. over 20 years = an EMI of about ₹21,696/month. Total payable: ₹52 lakh. Total interest: ₹27 lakh.
🇮🇳
LiveEMI Calculator
₹
₹25.00 L
%
Monthly EMI
₹21,696
/month
Total Interest
₹27.07 L
52% of total
Total Payable
₹52.07 L
over 20 years
Principal vs Interest Split
48% principal
52% interest
✨ Live · For home, personal, auto, education loans · Excludes processing fees
Information only. This calculator produces estimates for general
informational purposes. It is not financial, investment, lending, tax, legal, or
professional advice. Verify all figures against your lender's actual terms and
consult a qualified professional before committing to any decision.
Read the full disclaimer →
📖 How to use
3 steps. 0 confusion.
1
Enter loan amount (₹): home, auto, personal, anything
2
Enter the annual interest rate (p.a.)
3
Choose tenure in years (or use 10y/20y/30y quick pick)
🧮 The math
The EMI formula, decoded.
The formula
EMI = [P × r × (1+r)n] / [(1+r)n − 1]
- EMI = monthly installment
- P = principal (loan amount)
- r = monthly rate (annual rate ÷ 12 ÷ 100)
- n = tenure in months (years × 12)
❓ FAQ
Common questions.
What is EMI?
EMI (Equated Monthly Installment) is the fixed amount you pay your lender every month for a loan. It includes both principal repayment and interest. Indian banks standardize loan repayments around the EMI structure.
How is EMI calculated?
EMI = [P × r × (1+r)^n] / [(1+r)^n − 1], where P is the principal, r is the monthly interest rate (annual ÷ 12), and n is the tenure in months. This is the same formula RBI-regulated banks use.
Does this work for home, auto, and personal loans?
Yes. The EMI math is identical across loan types. Only the typical rate range differs: home (8–10% p.a.), auto (8–12%), personal (10–18%), education (8–12%).
Does it include processing fees?
No. This shows pure interest + principal. Indian banks typically charge a 0.25–2% processing fee upfront. Ask your lender for the effective APR which folds those in.
Can I reduce my EMI?
Three ways: (1) negotiate a lower rate (especially if MCLR/repo rate has dropped), (2) extend the tenure (lowers EMI but raises total interest), (3) part-prepayment (allowed without penalty on most floating-rate loans).
Tax benefits on home loans?
Under Indian Income Tax Act, you can claim up to ₹1.5 lakh deduction on principal repayment (Section 80C) and ₹2 lakh on interest (Section 24b) for a self-occupied property. Consult a CA for your specific case.
🏦 By bank 
Bank-specific EMI calculators.
See current rates, processing fees, and prepayment policies for each bank.
HDFC Bank
from 8.45%
SBI
from 8.25%
ICICI Bank
from 8.6%
Axis Bank
from 8.75%
Kotak Mahindra Bank
from 8.7%
Bank of Baroda
from 8.4%
Punjab National Bank
from 8.45%
Canara Bank
from 8.4%
Yes Bank
from 8.95%
IDFC First Bank
from 8.85%
IndusInd Bank
from 8.7%
Federal Bank
from 8.5%
RBL Bank
from 9%
Bandhan Bank
from 9.15%
IDBI Bank
from 8.55%
Indian Bank
from 8.45%
Union Bank of India
from 8.5%
Indian Overseas Bank
from 8.4%
Bank of India
from 8.5%
Central Bank of India
from 8.45%
South Indian Bank
from 8.7%
Karur Vysya Bank
from 8.85%
Tamilnad Mercantile Bank
from 8.85%
City Union Bank
from 8.85%
UCO Bank
from 8.45%
CSB Bank
from 8.85%
Dhanlaxmi Bank
from 9%
Karnataka Bank
from 8.75%
DCB Bank
from 8.95%
AU Small Finance Bank
from 9.25%
Equitas Small Finance Bank
from 9.35%
Ujjivan Small Finance Bank
from 9.5%
ESAF Small Finance Bank
from 9.45%
Jana Small Finance Bank
from 9.5%
J&K Bank
from 8.55%
Lakshmi Vilas (DBS legacy)
from 8.85%
North East Small Finance Bank
from 9.5%
Suryoday Small Finance Bank
from 9.45%
HSBC India
from 8.6%
Standard Chartered India
from 8.65%
Citibank India
from 8.7%
Deutsche Bank India
from 8.7%
BNP Paribas India
from 9%
LIC Housing Finance
from 8.5%
PNB Housing Finance
from 8.75%
Sammaan Capital (Indiabulls Housing)
from 9.75%
Aavas Financiers
from 10.5%
Aptus Value Housing Finance
from 11%
India Shelter Finance
from 11.5%
Repco Home Finance
from 10.5%
Manappuram Home Finance
from 10.5%
Muthoot Homefin
from 10.5%
IIFL Home Loans
from 9.5%
Edelweiss Housing Finance
from 10.25%
Mahindra Rural Housing Finance
from 11.5%
Reliance Home Finance
from 11%
Tata Capital Housing Finance
from 8.5%
Bajaj Housing Finance
from 8.5%
Shriram Finance
from 11%
Cholamandalam
from 9.5%
Mahindra Finance
from 10.5%
Muthoot Finance
from 11%
Manappuram Finance
from 11.5%
Five Star Finance
from 16%
Ujjivan SFB
from 10%
Equitas SFB
from 9.75%
AU Small Finance Bank
from 9%
Saraswat Bank
from 8.6%
Cosmos Bank
from 8.75%
SVC Bank
from 8.7%
Paytm Payments Bank
from 14%
Airtel Payments Bank
from 14%