What is the EMI Calculator?
EMI (equated monthly instalment) is the fixed amount you pay every month to repay a loan with interest. Cubestack uses the standard reducing-balance formula used by Indian banks: EMI = P × r × (1+r)ⁿ / ((1+r)ⁿ − 1).
How to use it
- 1
Enter the principal
Type the loan amount in ₹.
- 2
Add rate and tenure
Enter the annual interest rate and tenure in months.
- 3
Review
Check EMI, total interest and total payable.
Features
Monthly EMI
See your fixed monthly payment instantly.
Total interest
Know the full cost of borrowing.
Total payable
Principal plus interest over the loan term.
Any loan type
Home, car, education, personal or business loans.
Popular uses
Compare offers
Test different rates and tenures from lenders.
Budgeting
See if an EMI fits your monthly budget.
Prepayment planning
Compare shorter tenures to cut total interest.
Frequently asked questions
How is EMI calculated?
EMI = P × r × (1+r)ⁿ / ((1+r)ⁿ − 1), where P is principal, r is the monthly interest rate (annual rate ÷ 12 ÷ 100) and n is the number of months.
Does a longer tenure lower EMI?
Yes, but you pay more interest overall.
Are processing fees included?
No. Add fees, insurance and taxes separately when comparing loans.