Reducing-balance method · unit-tested engine
Work out any loan EMI — and see the maths.
A clear, fast EMI calculator with a full amortization schedule and prepayment modelling. No sign-up, no guesswork — just the same formula your bank uses, shown in the open.
Monthly EMI
₹12,667.58
- Principal
- ₹10,00,000
- Total interest
- ₹5,20,109
- Total of 120 payments
- ₹15,20,109
Works for any reducing-balance loan. Typical bank rates run ~8–24% p.a. depending on the loan type. Figures are estimates — confirm exact terms with your lender.
Want presets for a specific loan? Try the home, car, personal or bike loan calculators.
We show the actual maths
Every result is the reducing-balance formula, worked out in the open — not a black box. See exactly how each rupee of your EMI splits into principal and interest.
Prepayment, modelled properly
Add a part-payment and watch the schedule recompute: how much interest you save, and how many months you shave off — tenure-cut or EMI-cut, your choice.
Fast, private, no sign-up
Static pages, a tiny calculator that runs entirely in your browser, and analytics off by default. Nothing about your numbers leaves your device.
Pick your loan type
Same engine, sensible presets and rate context for each.
Home loan EMI
Indian home-loan rates are usually floating and benchmarked to the RBI repo rate plus a lender spread — commonly ~8–9.5% p.a. for salaried borrowers.
CalculateCar loan EMI
New-car loan rates are typically fixed, commonly ~9–11% p.a.; used-car loans run higher.
CalculatePersonal loan EMI
Unsecured, so rates are higher — commonly ~11–20% p.a., set by your credit profile.
CalculateBike loan EMI
Two-wheeler loan rates commonly run ~9.5–16% p.a. depending on lender and tenure.
CalculateUnderstand the number, not just see it
Most calculators give you an EMI and stop. Our guides walk through the formula, a worked example and the trade-offs — so you can actually reason about your loan.
Start with the pillar guideCalculations follow a single, published, unit-tested method. emi.me is independent — not a lender or broker — and every figure is an estimate to confirm with your bank.