Easy EMI Calculator for Home, Personal, and Car Loans - Fast, Accurate Results


Loan EMI: ₹ 44,986

Total Interest Payable: ₹ 57,96,711

Total Payment (Principal + Interest): ₹ 1,07,96,711

Loan EMI: ₹ 17,341

Total Interest Payable: ₹ 1,24,274

Total Payment (Principal + Interest): ₹ 6,24,274

Loan EMI: ₹ 20,764

Total Interest Payable: ₹ 1,24,274

Total Payment (Principal + Interest): ₹ 12,24,274

Use our Loan EMI Calculator to plan your finances.

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Comprehensive Guide to EMI Calculators: Home Loan, Personal Loan, and Car Loan

What is EMI?

EMI, or Equated Monthly Installment, is the amount a borrower pays each month to clear off their loan over a specified tenure. The amount includes both the principal and interest components, and it is generally fixed for the entire repayment period.

EMI Calculation Formulas

  • Home Loan EMI Formula: EMI = [P x R x (1+R)^N]/[(1+R)^N-1]
  • Personal Loan EMI Formula: EMI = [P x R x (1+R)^N]/[(1+R)^N-1]
  • Car Loan EMI Formula: EMI = [P x R x (1+R)^N]/[(1+R)^N-1]

Where P is the principal loan amount, R is the interest rate per month, and N is the number of months in the loan tenure.

How Do These 3 EMI Calculators Work?

Each calculator—whether for home, personal, or car loans—works by allowing the user to input loan details like amount, tenure, and interest rate. Based on the inputs, the calculator provides the EMI, total interest payable, and total payment. The calculations are done using the standard EMI formula.

How to Use the EMI Calculator?

Using the EMI Calculator is simple. You just need to:

  1. Select the loan type (Home, Personal, or Car Loan).
  2. Input the loan amount, interest rate, and tenure.
  3. You can see the realtime results

What is a Home Loan?

A home loan is a secured loan that you can use to purchase or construct a home. The loan is repaid over a fixed tenure, typically 10 to 30 years.

What is a Personal Loan?

A personal loan is an unsecured loan that you can use for various personal needs, such as home renovation, travel, medical emergencies, etc. These loans usually have shorter repayment tenures, ranging from 1 to 5 years.

What is a Car Loan?

A car loan is a secured loan taken to purchase a vehicle. The car itself acts as collateral for the loan. The loan tenure for car loans typically ranges from 3 to 7 years.

How Does it Work Countrywise?

The EMI calculator is tailored to different countries, adjusting for local currencies and interest rates. The default interest rates for various countries are as follows:

Country Home Loan Interest Rate Personal Loan Interest Rate Car Loan Interest Rate
United States 3% - 15% 8% - 25% 5% - 15%
United Kingdom 2.5% - 10% 7.5% - 20% 4.5% - 12%
India 6.5% - 12% 10% - 18% 8.5% - 15%
Canada 3% - 12% 8.5% - 18% 5.5% - 12%
Australia 2.8% - 10% 8.2% - 22% 5% - 14%
Germany 1.5% - 8% 7% - 15% 4% - 10%
France 1.75% - 9% 6.5% - 14% 4.25% - 12%
Japan 1% - 6% 6% - 12% 3.5% - 10%
Italy 1.8% - 8% 7.5% - 16% 4% - 11%
Spain 2% - 7% 7% - 15% 4.5% - 10%
South Korea 2.5% - 9% 6% - 14% 4% - 11%
Brazil 6% - 14% 12% - 24% 8% - 18%
Mexico 7% - 15% 13% - 22% 8% - 16%
Russia 8% - 16% 14% - 25% 9% - 20%
China 4% - 12% 9% - 18% 6% - 14%
South Africa 8% - 14% 13% - 22% 7% - 16%
Turkey 10% - 18% 15% - 28% 11% - 20%
Saudi Arabia 5% - 12% 10% - 20% 6% - 14%
UAE 4% - 11% 9% - 18% 5% - 13%
Singapore 1.5% - 4% 4% - 10% 3% - 7%
Hong Kong 1% - 5% 5% - 11% 3.5% - 8%
Malaysia 3% - 9% 6% - 14% 4% - 11%
Thailand 4% - 10% 8% - 16% 5% - 12%
Philippines 6% - 12% 10% - 20% 7% - 15%
Vietnam 5% - 12% 9% - 18% 6% - 14%
Indonesia 7% - 15% 12% - 22% 8% - 16%