Warikoo EMI Calculator

Loan Details

Loan Amount (INR)

Annual Interest Rate (%)

Loan Tenure

Loan Tenure (Years)

Monthly EMI

₹0

Principal Amount

₹0

Total Interest

₹0

Total Payment

₹0

Total Months

40% Rule: Never take a loan where EMI exceeds 40% of your monthly income. It will suffocate your finances.

Pre-pay When Possible: Even one extra EMI per year can reduce your loan tenure by 4-5 years and save lakhs in interest.

Emergency Fund First: Always have 6 months of expenses saved before taking any loan. This is your safety net.

Compare Rates: A 0.5% difference in interest rate can save you ₹5-10 lakhs over 20 years. Always shop around.

Invest vs Repay: If your investment returns > loan interest, invest. If not, prepay the loan. Simple math.

Home Loan Tip: Your home loan EMI should be under 30% of income. Your house should be an asset, not a burden.

Input your loan amount, interest rate, and tenure in years or months.

We use the standard formula: EMI = P*r*(1+r)^n / ((1+r)^n - 1) for accurate results.

View your monthly EMI, total interest, and compare different tenure options side by side.

Use Warikoo's tips and affordability checker to make smart financial decisions.