Calculators / Loans & EMI
EMI Calculator
Enter the loan amount, rate and tenure to see your monthly EMI and the real total cost of the loan.
Calculate your monthly EMI for any loan, plus the total interest you will pay over the full tenure. Works for home, car and personal loans.
Questions, answered
How is EMI calculated?
EMI uses the reducing-balance formula: each payment covers that month interest on the outstanding balance plus a slice of principal. Early EMIs are mostly interest, later ones mostly principal, but the EMI amount stays fixed.
Does a longer tenure mean a smaller EMI?
Yes, but you pay far more interest overall. Stretching a loan to cut the EMI is the most expensive comfort in personal finance. Compare the total interest, not just the monthly number.
Free calculator from Qubera. Loading the interactive version…