Best EMI Calculator Online 2025 – Free Loan Tool
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Use our free EMI Calculator 2025 to quickly calculate home loan, car loan, personal loan and education loan EMIs. Enter loan amount, interest rate and tenure to get instant EMI, total interest and repayment schedule with download option .Looking for a loan EMI calculator? Whether it’s a home loan, car loan, personal loan, or education loan, knowing your monthly EMI helps you plan your finances better. Our free EMI calculator tool below lets you instantly calculate monthly installments, total interest, and repayment schedule in 2025.
EMI Calculator
Calculate your Equated Monthly Installment (EMI) for home loan, car loan or any other personal loan with an amortization schedule.
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How to Use?
- Fill in the Principal Amount, Annual Interest Rate, and Loan Tenure in months.
- Click the "Calculate EMI" button.
- The result and the amortization table will be displayed. Use "Copy Result" to copy the summary.
FAQ
How is EMI calculated?
Formula: EMI = P × r × (1+r)^n / ((1+r)^n − 1) — where r = monthly interest rate = annual interest rate/12/100.
Does prepayment reduce EMI?
Prepayment can either reduce the loan tenure or save on the total interest paid over time, depending on the lender's policy and your choice.
What is an EMI Calculator?
An EMI (Equated Monthly Installment) is the amount you pay each month towards repaying your loan. Our online EMI calculator uses the standard formula to compute EMI based on:
- Loan Amount
- Interest Rate (%)
- Loan Tenure (Months/Years)
- Processing Fees (Optional)
Types of Loans You Can Calculate
1. Home Loan EMI Calculator
Plan your housing loan repayments with accurate monthly EMI breakdowns.
2. Car Loan EMI Calculator
Check your car loan EMI and interest for new or used vehicles.
3. Personal Loan EMI Calculator
Calculate your EMIs for weddings, medical needs, or travel expenses.
4. Education Loan EMI Calculator
Students can estimate repayment schedules after the moratorium period.
EMI Formula
EMI = [P × r × (1+r)^n] / [(1+r)^n − 1]
- P = Loan Amount
- r = Monthly Interest Rate
- n = Loan Tenure (Months)
Example EMI Table
| Loan Type | Amount | Rate | Tenure | Monthly EMI |
|---|---|---|---|---|
| Home Loan | ₹25,00,000 | 9% | 20 Years | ₹22,496 |
| Car Loan | ₹8,00,000 | 10% | 5 Years | ₹16,998 |
| Personal Loan | ₹3,00,000 | 12% | 3 Years | ₹9,958 |
| Education Loan | ₹5,00,000 | 11% | 7 Years | ₹7,722 |
Why Use Our EMI Calculator?
- ✅ 100% Free to use
- ✅ Works for all types of loans
- ✅ Instant and accurate EMI results
- ✅ Amortization schedule & CSV download
- ✅ Optimized for mobile and desktop
FAQs on EMI Calculator 2025
1. Can I use this EMI calculator for car and personal loans?
Yes, you can use the same tool for any loan type by entering the details.
2. Is this EMI calculator free?
Yes, it is 100% free to use without login or sign-up.
3. How accurate is this EMI calculator?
It provides near-accurate results, but final EMI depends on the bank’s policies.
4. Does it support prepayment?
You can simulate prepayment by adjusting loan amount and tenure manually.
Final Thoughts
Using an EMI Calculator in 2025 is the smartest way to plan loans. Try our free EMI tool above to get accurate results for your home, car, personal, or education loan and make better financial decisions today.
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