Which bank offers the best No Cost EMI in India?

HDFC Bank (4.8 stars) and ICICI Bank (4.7 stars) offer the widest no cost EMI network in India, especially on Amazon and Flipkart. Bajaj Finserv is best for those without a credit card.

Can I download the amortization schedule?

Yes. Click the 'Download CSV' button in the Amortization Schedule tab to download a full month-by-month EMI breakdown as a spreadsheet file.

Does this tool send my data to any server?

No. All EMI calculations are performed entirely in your browser using JavaScript. Your loan data never leaves your device.

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FINANCE CALCULATOR

Loan EMI Calculator

🚀 Calculate your EMI instantly — with full support for No Cost EMI, amortization schedules, and top bank & platform offers.

✅ 100% Free🔓 No Login Required⚡ Instant Results📊 No Cost EMI Support

Real-time Calculation

100% Browser-Side

No Data Stored

Top Bank Offers

Loan Details

Loan Amount₹5,00,000

Tenure24 months (2.0 yrs)

Annual Interest Rate (%)10.5%

Quick Tenure Presets

Monthly EMI

₹23,188

per month for 24 months

Principal

₹5,00,000

Total Interest

₹56,512

Total Payable

₹5,56,512

Payment Breakdown

Principal — 90%

Interest — 10%

Principal 90%Interest 10%

Compare EMI Across Tenures

Tenure	Monthly EMI	Total Interest	Total Payable
3 months	₹1,69,592	₹8,775	₹5,08,775
6 months	₹85,904	₹15,424	₹5,15,424
12 months	₹44,074	₹28,892	₹5,28,892
18 months	₹30,144	₹42,588	₹5,42,588
24 monthsSelected	₹23,188	₹56,512	₹5,56,512
36 months	₹16,251	₹85,044	₹5,85,044
48 months	₹12,802	₹1,14,481	₹6,14,481
60 months	₹10,747	₹1,44,817	₹6,44,817

Click any row to select that tenure

🔧 How It Works

Calculate your EMI in seconds — standard or no cost EMI, your choice

Enter Loan Details

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

Choose EMI Mode

Switch between Standard EMI (with interest) or No Cost EMI (zero interest, processing fee only)

Get Full Breakdown

Instantly see your EMI, total interest, amortization schedule, and the best no cost EMI offers

Frequently Asked Questions

Everything you need to know about EMI and No Cost EMI

What is No Cost EMI and how is it different from regular EMI?

In No Cost EMI, you pay only the product price split equally across months — zero interest. However, banks typically charge a one-time processing fee (1–3%). In regular EMI, you pay monthly interest on the outstanding loan amount.

Is this EMI calculator free to use?

Yes, 100% free. No login, no signup, no hidden charges. Use it unlimited times.

Which bank offers the best No Cost EMI deals in India?

Amazon India and Flipkart paired with HDFC Bank or ICICI Bank typically offer the widest and best no cost EMI deals — especially during sale events like Big Billion Days and Great Indian Festival.