EMI Calculator
Calculate the monthly instalment on any loan, with the full interest cost laid out.
- Should I choose a shorter tenure or a lower EMI?
- A shorter tenure costs far less in total interest but demands a higher monthly payment. On a ₹30 lakh loan at 8.75%, moving from 30 years to 20 raises the EMI by roughly a fifth and saves several lakhs in interest. Choose the shortest tenure whose EMI you can comfortably sustain.