EMI calculator
Monthly EMI, total interest and a yearly schedule — with processing fee + GST and the real cost of “no-cost” EMI.
About EMI calculator
EMI calculator works out the monthly EMI for any loan from the amount, yearly interest rate and tenure, with the total interest, a year-by-year repayment table and the processing fee with 18% GST on it. Switch to “No-cost EMI” to see what such an offer really costs: the shop pays the interest as a discount, but 18% GST on that interest is still added to your EMIs.
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Popular searches: emi calculatorloan emi calculatorno cost emi calculatorhome loan emi
More about EMI calculator
Tips
- Pick the loan type and drag your credit score — the rate box fills in with a typical rate for that score; type your bank’s exact rate if you have an offer.
- Drag the sliders or type the numbers; the EMI, the split bar and the yearly table update at once.
- For a credit-card “no-cost EMI”, choose No-cost and enter the price, the months and the bank’s EMI interest rate.
Also called: EMI कैलकुलेटर · EMI ক্যালকুলেটর
FAQ
How does my credit score change the rate?
Lenders give lower rates to higher scores. The calculator shows a typical rate for your score band (Excellent 800+, Very good 750–799, Good 700–749, Fair 650–699, Poor below 650) and loan type — an estimate only; each bank sets its own rate.
How is EMI calculated?
EMI = P × r × (1 + r)^n ÷ ((1 + r)^n − 1), where P is the loan, r the monthly rate (yearly rate ÷ 12 ÷ 100) and n the number of months.
Is no-cost EMI really free?
Not fully: the bank still charges interest, which the shop gives back as a discount, but 18% GST on that interest is added to your EMIs — plus any processing fee and GST on it.
Is EMI calculator free?
Yes. EMI calculator is completely free with no signup, no watermark and no daily limit.
Is it safe to use EMI calculator?
Yes. Processing happens in your browser and your files are never uploaded to our server.
Does it work on mobile?
Yes. Every tool is designed for phones first and works in any modern mobile browser on Android and iPhone.