Loan EMI Calculator (Equated Monthly Installment) is the principal, rate and interest you have to pay monthly to the bank as a consideration for their loan. It includes both your principal amount and interest on it. So, it is always wise that you manage your payment enough systematically so that you can keep a good CIBIL Score and also don’t have to pay late payment or other charges.
Loan EMI is calculated using the following formula:
Where,
For instance, in case you have borrowed ₹10,00,000 at an annual interest of 10.5% for a period of 10 years then as per EMI calculator per month your EMI will be ₹13,493.
Loan EMI calculation can be difficult to do but with Ruloans loan EMI calculator you can calculate your monthly instalments within seconds.
Depending on your financial needs, you may want to calculate EMIs for various loan types. Below are the most common types of loans with respective EMI calculation guidance:
Calculate EMIs for buying or constructing a house with flexible tenures and competitive interest rates.
Plan monthly payments for personal needs like travel, marriage, or medical emergencies with minimal documentation.
Estimate monthly EMIs for new or used car purchases with attractive interest rates from various lenders.
Calculate EMIs for domestic or international studies and plan repayments post moratorium period effectively.
Several variables influence the total amount you pay back during your loan tenure. Understanding these factors helps you plan better and save more.
Higher interest rates result in higher EMIs and total interest payable. Always compare lenders for the best rates.
A longer tenure reduces your EMI but increases total interest paid. A shorter tenure means higher EMIs but lower total interest.
Larger loan amounts directly increase your EMI and total due amount. Borrow only what you need and can repay.
Making early or part payments can reduce your outstanding principal, helping you save on interest.
Different loans (home, personal, education) may have varied rates, processing fees, and terms affecting your EMI.
Easy for first-time users to explore and interact with the calculator.
We use standard EMI formulas to ensure exact results every time.
Available calculators for Personal, Home, Business, and other loans.
Get instant results—no waiting, no manual math.
Using an EMI calculator before applying for a loan helps you make informed decisions. You can select a loan amount that suits your financial situation and avoid repayment stress.
The Loan EMI calculator on the Ruloans website lets you compare various loan products, plan repayments smartly, and start your loan journey confidently.
Ruloans, India's leading Loan Distribution Company, offers a wide range of loan products including Personal Loans, Business Loans, Loans Against Property, Education Loans DSA, and more. With ₹1,00,000+ crores loans disbursed and a PAN India presence in 4000+ cities, our expert-developed EMI Calculator helps you find the best loan deals.