Emi Calculator India 2026
Calculate monthly EMI for any loan. Full amortization schedule showing principal vs interest month by month.
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Disclaimer: Results are estimates for informational purposes only. Market conditions and interest rates vary. Consult a SEBI-registered financial advisor before making investment decisions.
About EMI Calculator
Three calculation modes: (1) What is X% of a number — for GST amounts, exam marks, discount values; (2) What percentage is X of Y — for result percentages and market share; (3) Percentage change between two values — for salary hike, price changes, or portfolio returns. Instant results with the formula displayed so you can learn how to calculate percentage manually.
How to use
- Enter your values in the input fields — results update instantly as you type.
- No submit button needed. The tool calculates in real time.
- Copy your result or share it via WhatsApp or Twitter using the buttons above.
- Use the workflow links below to chain into related tools for a complete task.
- All processing is browser-only. Nothing you enter is sent to any server.
Tool details
⚡ Next step — complete your workflow
Expert note — India 2026
BI April 2026: Repo rate at 5.75%. SBI EBLR = 8.40%. For floating rate loans linked to EBLR, any repo rate cut passes through within 3 months. If on MCLR-linked loan, switch to EBLR for better rate transmission.
Frequently asked questions
What is the EMI formula?
EMI = [P × r × (1+r)^n] / [(1+r)^n - 1] where P = principal, r = monthly rate (annual/12/100), n = months.
Should I reduce EMI or tenure on prepayment?
Reducing tenure saves more interest overall. Reducing EMI improves monthly cash flow. If rate > 8.5%, reducing tenure is mathematically superior.
Does EMI change with RBI rate cuts?
For EBLR-linked loans yes — within 3 months. For MCLR-linked loans, depends on your reset date (every 6 or 12 months).
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