Biddaro

Loan EMI Calculator

Calculate your monthly EMI, total interest and total payable for any loan in India. Adjust the sliders to see results update instantly.

EMI Calculator

Estimate your monthly loan payments

₹10,00,000
₹50K₹4 Cr
10% p.a.
6%24%
60 months
6 mo20 yr

Monthly EMI

₹21,247

per month for 60 months

Total Interest

₹2,74,823

Total Payable

₹12,74,823

Calculate EMI by Loan Type

🏗️

Home Construction Loan

From 8.5% p.a.

🔨

Home Renovation Loan

From 9.5% p.a.

⚙️

Equipment Finance Loan

From 11% p.a.

💼

Working Capital Loan

From 13% p.a.

🏢

Business Loan

From 10.5% p.a.

👤

Personal Loan

From 14% p.a.

EMI Calculator — FAQs

How is loan EMI calculated?
EMI = [P × R × (1+R)^N] / [(1+R)^N − 1], where P is the loan principal, R is the monthly interest rate (annual rate ÷ 12 ÷ 100), and N is the tenure in months.
Does a longer tenure reduce my EMI?
Yes — a longer tenure lowers your monthly EMI but increases the total interest you pay over the life of the loan. A shorter tenure raises the EMI but reduces total interest.
Is this EMI calculator free to use?
Yes, the Biddaro EMI calculator is completely free with no sign-up required. Adjust the amount, rate and tenure to see your EMI update instantly.
Check your loan eligibility