EMI Calculator
Calculate the equated monthly instalment (EMI) using the reducing-balance or flat-rate method.
Loading the tool
Banks quote either method. Flat-rate loans cost more than the same nominal rate on a reducing balance.
At a glance
- Runs
- In your browser, on your device
- Works with
- Text and options you enter
- Cost
- Free, no account needed
How to use EMI Calculator
- Enter the principal, interest rate and tenure.
- Choose reducing-balance or flat rate.
- Read the EMI and the total interest.
Privacy and limits
This tool runs in your browser. What you type is processed on your device and is not sent to our server.
Questions
- Is EMI Calculator free to use?
- Yes. You do not need an account and there is nothing to pay.
- Does it work offline?
- Once the page has loaded, the tool does its work on your device. Some browsers need a connection only to load the page itself.