Universal EMI Calculator
Calculate your monthly EMI for Home , Car , or Personal loans instantly.
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Monthly EMI
₹ 0
Total amount you pay every month
Breakdown
Smart Insight
You are paying ₹ 0 as interest on your loan.
Tip: Increasing your EMI by just 10% can reduce your loan tenure by years!
Understanding Your Loan EMI
Home Loan
Home loans usually have long tenures (15-30 years). Even a 0.5% difference in interest rate can save you lakhs. Always aim for a shorter tenure to save on total interest payable.
Car Loan
Car loans are typically for 3-7 years. Since cars depreciate in value, it is smart to pay off this loan quickly. Try to limit the tenure to 5 years maximum.
Personal Loan
These have the highest interest rates (10%-24%). Use them only for emergencies. Calculating EMI beforehand helps you avoid a debt trap.
Frequently Asked Questions
How is EMI calculated?
EMI = P × r × (1 + r)^n / ((1 + r)^n - 1)
Where P is Principal, r is monthly interest rate, and n is tenure in months.