Tool Slick

Mortgage EMI Calculator

Calculate the Equated Monthly Installment (EMI) for your mortgage. Fill up the mortgage amount, annual interest rate, mortgage tenure and hit the Calculate button.

All processing happens on the client-side, locally in your browser. No data is uploaded.

Mortgage amount
Annual interest rate
Select mortgage term
1 year6.8 years12.6 years18.4 years24.2 years30 years
Loan EMIThe EMI amount you will pay each month
2,028
Total Interest PayableThe total interest you will pay over the loan tenure
21,659
Total Payment(Principal + Interest)
121,659

History

  • 2018-04-22Tool Launched

Background

EMI or Equated Monthly Installment is a fixed amount payable by a borrower or lender every month to the bank or any other financial institution until the mortgage or loan amount is fully paid off. Generally, they are paid on a specified date each calendar month. It consists of the interest on mortgage as well as part of the principal amount to be repaid so that over a specified number of years, the loan is paid off in full.