Plan your loans confidently with our free online EMI Calculator! Instantly estimate Equated Monthly Installments (EMIs) for home loans, car loans, personal loans or education loans.
Planning to take a loan but unsure how much you'll need to pay every month? That's where our Free EMI Calculator Online at Filezaply.com helps you. It's a fast, accurate and reliable tool that calculates your Equated Monthly Installment (EMI) within seconds.
Whether you are applying for a home loan, car loan, personal loan, student loan or business loan, knowing your EMI in advance helps you plan your finances smartly. Our EMI calculator is designed for students, working professionals and business owners alike—absolutely free and easy to use.
EMI (Equated Monthly Installment) is the monthly fixed payment made by a borrower to the lender until the loan is fully paid off.
Every EMI includes two parts:
Over time, the interest portion decreases while the principal repayment increases, but the EMI remains fixed (for fixed interest loans).
Loans can be complex, but with our Instant EMI Calculator Tool, you can:
Using our Free EMI Calculator Online is simple:
Within seconds, you'll see your monthly installment amount, total repayment and total interest payable.
The standard formula used is:
EMI = [P × r × (1 + r)^n] ÷ [(1 + r)^n – 1]
Where:
Don't worry about doing the math manually—our EMI calculator handles it instantly.
Suppose you take a personal loan of ₹5,00,000 at an interest rate of 10% per annum for 5 years (60 months).
The calculated EMI = ₹10,624 per month
So, you will pay:
This gives you a clear picture of your monthly and total repayment obligation.
| Year | Principal Paid | Interest Paid | Total EMI Paid | Outstanding Balance |
|---|---|---|---|---|
| 1 | ₹72,000 | ₹55,488 | ₹1,27,488 | ₹4,28,000 |
| 2 | ₹82,500 | ₹44,988 | ₹1,27,488 | ₹3,45,500 |
| 3 | ₹94,000 | ₹33,488 | ₹1,27,488 | ₹2,51,500 |
| 4 | ₹1,05,500 | ₹21,988 | ₹1,27,488 | ₹1,46,000 |
| 5 | ₹1,28,000 | ₹9,488 | ₹1,37,488 | ₹0 |
This breakdown helps you see how principal vs interest changes over time.
Best for emergencies, travel, weddings or other personal needs.
Buying your dream house? Know your EMI before applying.
Check your EMI before buying a car to manage expenses smoothly.
Plan your education loan repayment easily with this tool.
Entrepreneurs can calculate EMIs for working capital or expansion loans.
Fixed Interest Rate – EMI remains the same throughout tenure. Stable and predictable.
Floating Interest Rate – EMI may vary as per market conditions. Good if rates are expected to fall.
Our EMI calculator supports both types—helping you compare which suits you best.
Q1: Is this EMI calculator free?
Yes, Filezaply offers a Free EMI Calculator Online for everyone.
Q2: Can I calculate EMI for multiple loans?
Yes, you can calculate EMI for personal, home, car, student and business loans.
Q3: Can I include prepayment in EMI calculation?
Currently, our tool shows standard EMI. However, you can reduce EMI by making early repayments.
Q4: How accurate is this calculator?
It is based on the official EMI formula, so results are 100% accurate.
Q5: Do I need to install any software?
No, our EMI calculator is web-based and works directly on your browser.
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Loans help us achieve dreams, but planning repayment is crucial. With Filezaply's Free EMI Calculator Online, you can calculate monthly installments instantly, compare options and make smarter financial decisions.
Don't risk your financial health—use our Instant EMI Calculator Tool today to stay in control of your money.