Loan planning

EMI Calculator

Q: Does a higher tenure reduce EMI?

A higher tenure usually reduces monthly EMI but can increase total interest paid.

Estimate your monthly loan payment, total interest, and total repayment instantly. Adjust the amount, interest rate, and tenure with smooth sliders built for quick mobile and desktop use.

Monthly EMIRs. 0

Total paymentRs. 0

Total interestRs. 0

PrincipalInterest

Lower the rate to see your possible interest saving.

Loan amount

Rs. 50kRs. 1Cr

Interest rate (p.a.)

1%24%

Tenure

1 year30 years

How this EMI calculator works

EMI is calculated from the loan principal, monthly interest rate, and number of monthly instalments. The result helps you compare affordability before applying for a home loan, personal loan, education loan, or vehicle loan.

Use the total interest and total payment values to understand the full cost of borrowing, not just the monthly instalment.

Popular in India

Home loansEstimate long tenure repayments before applying.

Personal loansCompare EMI comfort against monthly cash flow.

Car loansPlan total interest before choosing a loan offer.

EMI Calculator FAQ

What is EMI?

EMI means equated monthly instalment. It is the fixed monthly amount paid to repay a loan over time.

Does a higher tenure reduce EMI?

Usually yes, but it can increase the total interest paid across the full loan period.

Is this calculator free?

Yes. Strango's EMI calculator is free and works instantly in the browser.