EMI Calculator
EMI Calculator
**Note: For exceeding 120 no. of payments, a group of 12 payments will be combined into a single payment number for better chart visibility.
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Calculator Disclaimer
The repayment amount shown using this calculator is an estimate, based on information you have provided. It is provided for illustrative purposes only and actual repayment amounts may vary. To find out actual repayment amounts, contact us at 90 1003 1003. This calculation does not constitute a quote, loan approval, agreement or advice by Direct Credit. It does not take into account your personal or financial circumstances.
EMI Calculator – Plan Your Loan Smartly
When it comes to taking a loan, knowing your monthly EMI (Equated Monthly Instalment) is the first step towards smart financial planning. Our online EMI Calculator helps you estimate your repayment amount in just a few clicks — so you can plan your budget with clarity and confidence.
What is an EMI?
An EMI (Equated Monthly Instalment) is the fixed amount you pay every month towards your loan repayment. It includes both principal and interest, and remains constant throughout your repayment tenure.
Whether you’re applying for a home loan, car loan, or personal loan, knowing your EMI in advance helps you:
- Plan your monthly expenses better
- Choose the right loan tenure
- Avoid financial stress later
How to Use the EMI Calculator
Our EMI calculator is simple and instant. Just follow these 3 easy steps:
- Enter Loan Amount – the amount you plan to borrow.
- Select Interest Rate – the annual rate charged by the bank.
- Choose Loan Tenure – in months or years.
Click “Calculate” and get:
- Monthly EMI amount
- Total interest payable
- Total repayment amount
You can also adjust the values to compare different loan scenarios and find the one that best fits your budget.
EMI Calculation Formula (For Reference)
The EMI is calculated using this standard formula:
EMI = [P × R × (1+R)^N] / [(1+R)^N – 1]
Where:
P = Principal Loan Amount
R = Monthly Interest Rate (Annual Rate / 12 / 100)
N = Loan Tenure (in months)
Don’t worry — our calculator does all the math instantly for you!
Why Use an EMI Calculator?
- Instant & Accurate Results – No manual calculation needed.
Better Financial Planning – Know exactly how much you’ll pay.
Compare Loan Offers – Adjust values to choose the best deal.
Save Time & Effort – Get clarity before applying for a loan.
Plan Your Loan With Confidence
Before applying for any loan, make sure you understand your repayment commitment. Use our free EMI calculator to plan smart, borrow smart, and stay financially stress-free.
Start now — calculate your EMI and make informed decisions for your next home, car, or personal loan.