Staffing Maker - EMI

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EMI Calculator: calculate payments and see every rupee in a single glance.

Plug in the purchase price, down payment, interest rate, and tenure. Watch your monthly EMI, payoff date, and total interest update in real time - perfect for home, auto, gadgets, or any loan.

Realtime changes Interest vs principal split Payoff timeline
Nothing is stored

Live snapshot

Your EMI preview

Live

Monthly EMI

$0.00

0 months

Total interest

$0.00
Over full tenure

Payoff date

Not set
Starts this month

Loan amount

$0.00
After down payment
Principal Interest Fees

Inputs

Loan details

Updates as you type
$
Enter the total cost of the item or loan.
$
We subtract this from the purchase price to find the financed amount.
%
Annual percentage rate. We convert to a monthly rate for EMI math.
Slide for quick changes or enter exact years/months.
$
$
Optional principal top-up.
We use this to show payoff month.

Breakdown

EMI math

Standard EMI

Monthly EMI

$0.00

0 months

Total interest

$0.00

0% of total

Total payable

$0.00

EMIs only

Payoff date

Not set

0 months
Cost composition $0.00 all-in
Principal $0.00 Interest $0.00 Fees $0.00 Down $0.00

Loan amount after down payment

$0.00

Upfront cost (down + fees)

$0.00

Effective rate

0%

Total cost (all-in)

$0.00

Amortization glimpse

Early, mid, and final EMIs
Auto updated
Month Principal Interest Balance after
Enter details to see the breakdown.

Guided walkthrough

How to use this EMI calculator for home, car, or personal loans

Follow these steps to get a reliable EMI, payoff month, and total cost breakdown. Everything runs in your browser - no sign-up, no data storage.

1) Add your numbers
  • Enter the purchase or loan amount plus any down payment.
  • Pick the annual interest rate and tenure (months or years).
  • Include fees if your lender adds them to the loan.
2) Read the outputs
  • Monthly EMI, payoff month, total interest, and all-in cost.
  • Cost composition bar for principal, interest, fees, and down payment.
  • Amortization glimpse that shows early, mid, and final EMIs.
3) Optimize for approval
  • Increase down payment to shrink EMI quickly.
  • Add a small extra payment to cut months and interest.
  • Compare processing fees upfront vs financed to see real costs.

Coverage

Home loan EMI, car loan EMI, education loans, gadget financing, business equipment, and personal loans - if it has an interest rate and tenure, this calculator fits.

Trust & safety

Runs client-side with no logins, cookies for inputs, or data sync. Copy the summary button gives you a shareable snapshot without uploading anything.

When to recalc

Revisit your EMI whenever the lender updates rates, you switch from fixed to floating, you receive a bonus for prepayment, or you negotiate a lower processing fee.

Transparent math

EMI formula we use (reducing balance)

Your EMI is calculated using the standard reducing balance formula - this is what most banks use for home, car, and personal loans.

Formula
EMI = P x r x (1 + r)n / ((1 + r)n - 1)
  • P = financed amount after down payment (plus fees if financed)
  • r = monthly interest rate (annual rate / 12 / 100)
  • n = total number of months in your tenure

We also show your effective APR, monthly rate, and a payoff month based on the start date you pick.

If you set extra monthly payments, we recalc the schedule to shorten the tenure and reduce total interest automatically.

Sample scenarios

See how EMI shifts with different goals
Scenario Monthly EMI Interest paid Payoff time
Home loan: $350k home, $70k down, 7.25% for 20 years $2,213.05 $251,132.66 240 months
Car loan: $18k car, 10% down, 8.5% for 4 years $443.67 $3,296.13 48 months
Personal loan: $8k, no down payment, 12.5% for 3 years $267.63 $1,634.64 36 months

Use the sliders and inputs above to mirror your lender's quote. These numbers are examples only to illustrate how rate and tenure change the EMI.

Use cases

Works for any EMI
  • Home and auto loans with variable down payments.
  • Gadget or furniture purchases with processing fees.
  • Education, personal, or business financing.

Quick answers

EMI basics
Refreshed

We use the reducing balance EMI formula: EMI = P x r x (1 + r)n / ((1 + r)n - 1), where P is the financed amount after down payment, r is the monthly rate, and n is the tenure in months.

Extra monthly payments directly reduce principal in our math, shortening the payoff timeline and cutting total interest. You will see the updated payoff month immediately.

Processing or other fees are kept upfront by default. Toggle "Add fees to loan amount" if your lender finances them, and we will include them in the EMI.

Yes. Enter the price, down payment, annual rate, and tenure and it will handle home loans, car loans, education loans, consumer durables, or business equipment financing.

Flat interest charges the same amount every month on the original principal. Reducing balance recalculates interest on the remaining balance after each EMI. Most banks use reducing balance and that is what we show.

No. All calculations run in your browser and nothing is saved to our servers. Use the copy summary button if you want to share the EMI output elsewhere.

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