Results are estimates; lender rounding, fees, and payment timing may differ.
Help & support
Frequently Asked Questions
Quick answers to common questions about the EMI calculator.
How is the annual rate converted to a monthly rate?
The nominal annual percentage is divided by 100 and then by 12.
Does a longer term always reduce the monthly installment?
For the same principal and fixed rate, more payments usually reduce each installment, but increase total interest.
Can the EMI calculator use months instead of years?
Yes. Select months or years for the term; the calculation always uses a whole number of monthly payments.
Does the result include loan fees?
No. Origination charges, insurance, taxes, and lender-specific fees are not included.
What happens at 0% interest?
The principal is divided evenly by the number of monthly payments.