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Calculate your EMI in seconds

Loan Amount
₹50K₹1Cr
Interest Rate (p.a.) 8.50%
4%30%
Loan Tenure 20 Years
1 Yr30 Yr
Monthly Income
₹15KNo limit
Used to show affordability
EMI
Remaining
Monthly EMI
equated monthly instalment
✓ Safe to borrow
Principal Amount
Total Interest
Total Payable
EMI / Income
Principal
Interest
Adjust sliders to see your loan breakdown.

Repayment Schedule

Full breakdown of every payment — principal vs interest each month.

Monthly
Yearly Summary

Prepayment Simulator

Pay extra each month and see how much interest you save.

Extra Monthly Payment ₹0
₹0₹1,00,000
₹0
Interest Saved
0 months
Tenure Reduced
Monthly Outflow
New Payoff Date

Compare Two Lenders

Enter rates from two banks — we'll show which saves you more.

Lender A
Lender B

No Cost EMI Analyzer

Uncover the hidden interest in "0% EMI" product offers.

Product Price₹50,000
EMI Tenure6 months
Processing Fee₹500
Monthly EMI
Real Rate
Hidden Cost
Verdict

Frequently Asked Questions

What is EMI?
EMI stands for Equated Monthly Instalment — the fixed amount you pay your lender every month to repay a loan. Each EMI includes a portion of the principal and the interest charged for that month.
How is EMI calculated?
EMI = [P × R × (1+R)^N] / [(1+R)^N – 1], where P is the principal, R is the monthly interest rate (annual rate ÷ 12 ÷ 100), and N is the number of monthly instalments.
Does a higher tenure reduce EMI?
Yes — a longer tenure lowers your monthly EMI but significantly increases total interest paid. Use the Prepayment Simulator to find your optimal balance.
What is a good EMI-to-income ratio?
Financial advisors recommend keeping total EMI obligations below 30–40% of take-home income. Above 50% is considered high-risk and may affect loan approval.
How accurate are the results?
emi-elly uses the standard EMI formula used by Indian banks and RBI-regulated NBFCs. Results are accurate for fixed-rate loans. For floating-rate loans, actual EMIs may vary as interest rates change.

About emi-elly

A free, fast, and accurate EMI calculator built for real people making real financial decisions.

Our Mission

emi-elly was built with a single goal: to give every borrower access to a powerful, completely free loan planning tool — no signup, no distractions, no hidden agenda.

Financial clarity should be free. Before taking any loan, you deserve to know exactly what you're signing up for — the total interest you'll pay, whether the loan fits your income, and how prepayments can save you money.

What We Offer

  • EMI calculator for all major loan types: home, personal, car, education, gold, and business loans.
  • Full amortization schedule — monthly and yearly breakdown of every payment.
  • Prepayment simulator — see exactly how much interest you save by paying extra.
  • Loan comparison tool — compare two banks side by side including processing fees.
  • No Cost EMI analyzer — reveal the true interest rate hidden in "0% EMI" offers.
  • Affordability indicator — instantly see if a loan is safe for your income level.

Accuracy & Formula

All calculations use the standard EMI formula used by Indian banks and RBI-regulated NBFCs:

EMI = [P × R × (1+R)^N] / [(1+R)^N – 1]

P = Principal · R = Monthly rate · N = Tenure (months)

Results are accurate for fixed-rate loans. For floating-rate loans, actual EMIs may change as rates adjust.

Disclaimer

emi-elly is an independent financial calculator. We are not a bank, NBFC, or financial advisor. All results are for informational and planning purposes only. Actual loan terms, EMIs, fees, and interest rates are determined by your chosen lender. Always verify with your bank before making any financial decision.

Contact

For questions, suggestions, or feedback, reach us at: support@emielly.com

Privacy Policy

We are committed to protecting your privacy. No data is collected, stored, or sold.

What We Collect

emi-elly does not require registration or login. We do not collect personally identifiable information. All calculator inputs — loan amount, rate, tenure, income — are processed entirely in your browser and never sent to any server.

We may collect standard anonymous usage data through Google Analytics (pages visited, device type, geographic region at state level). This data is aggregated and cannot identify individual users.

Cookies

  • Google Analytics cookies to understand how visitors use our site (anonymous aggregate data only).
  • Session cookies to remember your calculator preferences during your visit.

You can control or disable cookies through your browser settings at any time.

Data Security

Your financial data never leaves your device. We do not store any calculation results.

Contact

For privacy-related questions: privacy@emi-elly.in