EMI Calculator
Work out the monthly EMI for any loan or purchase — enter the amount, interest rate and tenure to see your instalment, total interest and total payable.
Illustrative reducing-balance EMI. Not a loan offer.
How the EMI is calculated
EMI (Equated Monthly Instalment) is worked out on a reducing-balance basis using the standard formula EMI = P × r × (1+r)ⁿ ÷ ((1+r)ⁿ − 1), where P is the loan amount,r is the monthly interest rate (annual rate ÷ 12 ÷ 100) and n is the number of months. Early instalments carry more interest and less principal; later ones flip, so the loan clears steadily over the tenure.
What changes your monthly EMI
- Loan amount — a bigger principal raises every instalment.
- Interest rate — even 1–2% makes a large difference over a long tenure.
- Tenure — a longer tenure lowers the monthly EMI but increases the total interest you pay.
- No Cost EMI — the interest is offset by a discount, so you pay close to the sticker price.
Tips to lower your EMI
- Put down a larger upfront amount to reduce the financed principal.
- Compare credit-card, debit-card and personal-loan EMI rates before you commit.
- A higher credit score usually unlocks a lower interest rate.
EMI & finance options for this order
Turn this ₹25,000 purchase into easy monthly payments — from about₹1,212/month over 24 months, or ₹4,351/month over 6 months. Compare No Cost EMI, credit card EMI and debit card EMI plans and pick the lowest interest before you buy.
A personal loan or Buy Now Pay Later can spread a big-ticket phone across affordable installments with quick approval and minimal documentation — ideal for the latest 5G smartphones and flagships.
- No Cost EMI — pay only the product price, split across 3–24 months on eligible cards.
- Credit & Debit Card EMI — instant EMI from HDFC, ICICI, SBI, Axis & Kotak at competitive interest rates.
- Personal loan / Pay Later — low-interest financing with fast approval for higher-value orders.
- Cash on Delivery — zero advance payment; pay when your order arrives.
EMI figures are illustrative (reducing balance). Actual interest, processing fees and eligibility depend on your bank. EmiMob is not a lender and does not provide loans.