Calculate monthly EMI for home loan, car loan, personal loan and business loan. Get total interest and payment breakdowns instantly.
EMI (Equated Monthly Installment) is calculated using the formula: EMI = P × R × (1+R)^N / [(1+R)^N - 1], where P is the principal loan amount, R is the monthly interest rate (annual rate ÷ 12 ÷ 100), and N is the number of monthly installments.
| Loan Type | Rate Range | Typical Tenure |
|---|---|---|
| Home Loan | 8.35% – 10.5% | 5–30 years |
| Car Loan | 8.7% – 12% | 1–7 years |
| Personal Loan | 10.5% – 24% | 1–5 years |
| MSME / Business | 9% – 18% | 1–7 years |
| Education Loan | 8.5% – 15% | 5–15 years |