EMI Calculator
Calculate monthly EMI for any loan — home, car, personal, or business. Enter loan amount, interest rate, and tenure. Instantly shows monthly EMI, total interest, and total repayment.
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Works for home, car, personal, and business loans.
One-time fee charged upfront. Affects your true cost of borrowing. Indian banks typically charge 0.5–2%. UAE banks 0.5–1%.
Extra amount you plan to pay each month on top of EMI. See how much interest and time you save.
EMI breakdown
Enter loan details to calculate EMI.
Loan EMI questions answered
EMI (Equated Monthly Instalment) is the fixed monthly payment you make to repay a loan. Each EMI covers a portion of the principal and the interest. Early instalments pay more interest; later ones pay more principal.
EMI = P × r × (1+r)^n / ((1+r)^n − 1), where P is the loan principal, r is the monthly interest rate (annual rate ÷ 12 ÷ 100), and n is the number of months. This formula is standard across all banks in India and UAE.
Home loan rates in UAE typically range from 3.5% to 5.5% per annum (as of 2025), depending on whether the rate is fixed or variable (EIBOR-linked). Fixed rates give predictable EMIs; variable rates may change quarterly.
Home loan rates in India currently range from 8.5% to 9.5% per annum for salaried employees with good credit scores. Rates vary by lender, loan amount, and credit profile.
You can reduce EMI by: (1) making a larger down payment to reduce principal, (2) choosing a longer tenure, or (3) negotiating a lower interest rate. Note that a longer tenure reduces EMI but increases total interest paid.
Yes. Most UAE and Indian banks allow partial or full prepayment. Each prepayment reduces the outstanding principal, which reduces either the remaining tenure or the EMI — your choice.
In UAE, home loans go up to 25 years for expats (age limit applies — loan must end before age 65–70). In India, home loans can go up to 30 years.
A flat rate calculates interest on the original loan amount throughout. A reducing balance (used by all reputable banks) calculates interest on the remaining principal — making it significantly cheaper. Always confirm which method your lender uses.