What your EMI really costs
An EMI — equated monthly instalment — is the fixed amount you repay each month, part principal and part interest. This calculator shows not just that monthly figure but the total interest you will pay over the loan and the total amount that leaves your account, so the real cost of borrowing is clear before you sign.
Try the levers
Interest rate and tenure both move the numbers a lot. A longer tenure lowers the monthly EMI but adds years of interest; a slightly better rate compounds into a large saving over time. Adjust the inputs and watch the breakdown update — it all happens on your device.