Loan EMI Calculator

Planning your loan repayment is essential for better financial management. Our EMI (Equated Monthly Installment) Calculator helps you estimate your monthly repayments, ensuring you can plan your finances effectively before taking a loan.

What is EMI?

An Equated Monthly Installment (EMI) is the fixed amount you pay every month towards repaying your loan. It consists of both principal and interest, ensuring that your loan is paid off within the selected tenure.

Feel free to use our Equipment Finance Calculator

Loan AmountPlease enter your loan amount here.

₹

No. of PaymentsPlease enter the number of years in which you plan to repay the loan.

Payment ModePlease choose payment mode of the loan.

Interest RateThe interest rate will default to the product you selected. You can also change the rate up or down to understand the effect on your repayments and total interest payable.

**Note: For exceeding 120 no. of payments, a group of 12 payments will be combined into a single payment number for better chart visibility.

Period	Payment	Interest	Balance

{frequency} Payment

₹

Total interest payable

₹ over

Balloon amount (0.00%)

₹0.00

Calculator Disclaimer

The repayment amount shown using this calculator is an estimate, based on information you have provided. It is provided for illustrative purposes only and actual repayment amounts may vary. To find out actual repayment amounts, contact us. This calculation does not constitute a quote, loan approval, agreement or advice by My Finance. It does not take into account your personal or financial circumstances.