Loan EMI Calculator

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🔹 What is a Loan EMI Calculator?

A Loan EMI Calculator helps you know how much you’ll pay every month for your loan. EMI (Equated Monthly Instalment) is the fixed amount you pay to the bank each month until your loan is fully repaid.
By entering just a few details — loan amount, interest rate, and tenure, you can instantly find out your monthly EMI.

🔹 How Does the EMI Calculator Work?

The EMI is calculated using this simple formula:

EMI = [P × R × (1 + R)^N] / [(1 + R)^N – 1]

Where:

• P = Loan Amount
• R = Monthly Interest Rate (Annual Rate ÷ 12 ÷ 100)
• N = Loan Tenure in Months

Our calculator instantly gives accurate EMI results for all loan types — whether you’re taking a home loan, car loan, personal loan, or education loan.

🔹 Types of Loans You Can Calculate EMI For

🏠 Home Loan EMI

Plan your dream home purchase by checking how much EMI you’ll pay every month. Compare interest rates from top banks like SBI, HDFC, ICICI, Axis Bank, and others before applying.

🚗 Car Loan EMI

Know your monthly repayment before buying a new or used car. Adjust the tenure and amount to fit your budget easily.

💼 Personal Loan EMI

For emergency needs, weddings, travel, or medical expenses — use the calculator to estimate your EMI for quick personal loans from leading banks.

🏢 Loan Against Property EMI

If you are pledging your property for funds, check the EMI to plan your repayments smartly and avoid financial stress.

🎓 Education Loan EMI

Calculate EMIs for your or your child’s higher education loan. Get a clear idea of post-moratorium repayment plans.

🌾 Kisan Credit Card (KCC) Loan EMI

Farmers can check EMI for KCC loans offered by SBI, BOB, PNB, and other rural banks to manage seasonal expenses efficiently.

🔹 EMI Comparison Across Top Banks

Bank	Home Loan Interest Rate (p.a.)	Personal Loan Rate (p.a.)	Car Loan Rate (p.a.)
SBI	8.40% – 10.15%	11.15% – 15.30%	8.95% – 9.75%
HDFC Bank	8.50% – 10.25%	10.50% – 16.00%	8.80% – 9.70%
ICICI	8.60% – 10.30%	10.75% – 16.50%	8.90% – 9.80%
Axis Bank	8.55% – 10.45%	10.49% – 17.00%	8.85% – 9.90%

(Rates are indicative and subject to change by banks.)

🔹 Why Use Our Loan EMI Calculator?

✅ Instant EMI results — no manual calculation
✅ Works for all banks & loan types
✅ Helps plan monthly budget
✅ Compare loan offers before applying
✅ Free, simple, and accurate tool

🔹 Tips Before Taking a Loan

• Compare interest rates and processing fees from different banks.
• Choose a shorter tenure to save on interest.
• Maintain a good CIBIL score for better loan approval.
• Prepay whenever possible to reduce total interest cost.