Planning to take a loan? Use this simple EMI calculator to estimate the monthly instalment payable. Simply provide the loan amount, the loan tenure and the interest rate of the loan and the calculator will work out the loan Equated Monthly Instalment (EMI). The interest rate considered is on a reducing basis. You can use this calculator to calculate the EMI of any loan be it—personal loans, car loans, two wheeler loans, home loans, consumer loans etc.