Understanding your EMI
EMI stands for Equated Monthly Instalment — the fixed amount you pay your lender every month until the loan is repaid. Each EMI is a mix of principal repayment and interest; early on in the loan, more of it goes toward interest, and that shifts toward principal as the loan matures.
Quick EMI calculator
Estimate your monthly instalment. This is indicative only — your lender's actual offer may differ.
What affects your EMI
Loan amount (principal)
A larger loan means a larger EMI, all else being equal.
Interest rate
Even a small difference in rate adds up significantly over a long tenure.
Tenure
A longer tenure lowers your monthly EMI but increases the total interest you pay over the life of the loan.
The calculator above gives a quick estimate assuming a standard reducing-balance loan. Your lender's actual EMI may vary slightly depending on processing fees, exact disbursal dates, and any promotional rates.