Entrovix AI

EMI Calculator

Work out the monthly instalment on a home, car or personal loan, plus how much of your total repayment is interest. Adjust the sliders and the numbers update instantly.

Runs in your browser — nothing is uploaded

Loan details
% per year
months

20.0 years

Your repayment

Monthly EMI

₹8,678

Total interest

₹10,82,776

Total payable

₹20,82,776

Total₹20,82,776
  • Principal — ₹10,00,000
  • Interest — ₹10,82,776
Why use it

Built to be genuinely useful

See the real cost

Total interest is shown alongside the EMI, which is the number that actually matters.

Instant comparison

Move the rate or tenure and watch the effect immediately.

Nothing is uploaded

Everything runs in your browser, so your input never reaches a server.

Free, no sign-up

No account, no usage cap, and no feature held back behind a paywall.

How it works

Three steps

  1. 1

    Enter the loan amount you need.

  2. 2

    Set the interest rate your lender quoted.

  3. 3

    Choose the tenure in months — the EMI updates as you move it.

How EMI is calculated

An EMI is a fixed monthly payment covering both interest and principal. The standard formula is P × r × (1+r)ⁿ ÷ ((1+r)ⁿ − 1), where P is the principal, r the monthly interest rate (annual rate ÷ 12 ÷ 100) and n the number of months.

The instalment stays constant, but its composition does not. Early payments are mostly interest; principal repayment accelerates towards the end. This is why paying off a loan early saves far more than people expect in the first few years, and very little in the last.

Tenure is the expensive decision

Extending the tenure lowers the monthly figure and raises the total cost, often dramatically. Doubling a term does not double the interest — it can more than triple it, because the balance stays high for longer.

Compare total payable, not just the EMI. A lender offering a lower monthly figure on a longer term is usually offering you a more expensive loan.

FAQ

Questions people ask

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