Loan EMI calculator
Work out the monthly instalment (EMI) on any loan — a Mudra or Stand-Up India business loan, an education loan, or a personal loan. Enter the amount, interest rate and tenure to see your monthly EMI, the total interest you will pay, and the total amount repaid.
Estimate only. Banks may add processing fees, insurance or a different compounding method, so your actual EMI can vary. Confirm with the lender.
How the EMI is calculated
- EMI stands for Equated Monthly Instalment — the fixed amount you repay each month.
- It is calculated from three things: the loan amount, the interest rate, and the tenure (number of months).
- A longer tenure lowers the monthly EMI but increases the total interest you pay over the life of the loan.
- This tool uses the standard reducing-balance EMI formula. Banks may add processing fees or insurance, so your actual outgo can be slightly higher.
Frequently asked questions
What is an EMI?
An Equated Monthly Instalment — the fixed amount, covering both principal and interest, that you pay the lender each month until the loan is cleared.
Does a longer tenure reduce my EMI?
Yes, the monthly EMI falls — but you pay more total interest over the longer period.
Is the EMI fixed for the whole loan?
On a fixed-rate loan, yes. On a floating-rate loan, the EMI or tenure can change when the interest rate is revised.
Will my bank EMI match this exactly?
It is a close estimate. Processing fees, insurance, or a different start date can make the actual EMI vary a little — confirm with the lender.
Next steps
Comparing government business loans? See our Mudra vs Stand-Up India vs PMEGP guide to pick the right scheme, then come back to estimate the EMI.
This calculator gives an estimate for general information only — it is not financial advice. Confirm the exact EMI, interest rate and charges with your lender before borrowing.