What's special about us
CKYC Registry
-
Customer Service Contact us Service request Locate a branch Complaints
Find all the help you need
Scan the QR, get our app, and find help on your fingertips
Help CenterSupport topics, Contact us, FAQs, Complaints and more
-
Login
Are you ready for an upgrade?
Login to the new experience with best features and services
-
Login
Are you ready for an upgrade?
Login to the new experience with best features and services
- Accounts
-
Deposits
IDFC FIRST Bank Deposits
View all Deposits -
Loans
IDFC FIRST Bank Loans
View all Loans - Wealth & Insure
-
Payments
IDFC FIRST Bank Payments
View all Payments -
Cards
IDFC FIRST Bank Cards
View all Cards - Blogs
- Corporate Account
-
Cash Management Services
IDFC FIRST Bank Cash Management Services
View all Cash Management Services - Supply Chain Finance
-
Corporate Lending
IDFC FIRST Bank Lending
View all -
Treasury
IDFC FIRST Bank Treasury
See more details - NBFC Financing
- BRAVO (Auto Sweep)
-
MSME Accounts
IDFC FIRST Bank MSME Accounts
View all Accounts -
Trade Services
- MSME Loan
-
MSME Solutions
- Debit Card
-
Offers
Help Center
Support topics, Contact us, FAQs, Complaints and more
Accounts
- IDFC FIRST Bank Accounts
-
Savings Account
-
Corporate Salary
Account -
Senior Citizens
Savings Account -
First Power
Account -
Current Account
-
NRI Savings
Account -
TASC Institutional
Account -
Savings Account
Interest Calculator
Deposits
- IDFC FIRST Bank Deposits
-
Fixed Deposit
-
Recurring Deposit
-
NRI Fixed Deposit
-
Safe Deposit Locker
-
FD Calculator
-
RD Calculator
Loans
- IDFC FIRST Bank Loans
-
Personal Loan
-
Consumer Durable
Loan -
Home Loan
-
Business Loan
-
Professional Loan
-
Education Loan
-
New Car Loan
-
Pre-owned Car Loan
-
Two Wheeler Loan
-
Pre-owned Two
Wheeler Loan -
Commercial Vehicle
Loan -
Gold Loan
-
Loan Against Property
-
Loan Against Securities
-
Easy Buy EMI card
-
Personal Loan
EMI Calculator -
Education Loan
EMI Calculator -
Home Loan
EMI Calculator -
EMI Calculator
-
Personal Loan Eligibility Calculator
Wealth & Insure
- IDFC FIRST Bank Wealth & Insure
-
FIRST Select
-
FIRST Wealth
-
FIRST Private
-
Mutual Funds
-
Sovereign Gold Bond
-
Demat Account
-
Term Insurance
-
Life Insurance
-
Health Insurance
-
General Insurance
-
Bonds
-
Loan Against
Securities -
Portfolio Management
Service
Payments
- IDFC FIRST Bank Payments
-
FASTag
-
Credit Card
Bill Payments -
UPI
-
Funds Transfer
-
Forex Services
-
Pay Loan EMI
Cards
- IDFC FIRST Bank Cards
-
Ashva :
Metal Credit Card -
Mayura :
Metal Credit Card -
FIRST Millennia
Credit Card -
FIRST Classic
Credit Card -
FIRST Select
Credit Card -
FIRST Wealth
Credit Card -
FIRST WOW!
Credit Card -
Deals
-
Debit Cards
-
Co-branded Cards
-
Credit Card
EMI Calculator -
FIRST Corporate
Credit Card -
FIRST Purchase
Credit Card -
FIRST Business
Credit Card
Premium Metal
- Premium Metal Credit Cards
-
AshvaLifestyle1% Forex₹2,999
-
MayuraLifestyleZero Forex₹5,999
-
FIRST PrivateInvite Only
Travel
- Best for travellers
-
Diamond Reserve Credit CardZero ForexTravel₹3,000
-
FIRST WOW! BlackZero ForexTravelDual Cards
-
IndiGo IDFC FIRST Dual Credit CardTravelLifestyle₹4,999
-
MayuraZero ForexMetal₹5,999
-
Ashva1% ForexMetal₹2,999
-
FIRST WOW!Zero ForexTravelLifetime Free
-
FIRST SWYPTravel OffersEMI₹499
-
FIRST Select1.99% ForexLifestyleLifetime Free
-
FIRST Wealth1.5% ForexLifestyleLifetime Free
-
Club VistaraTravelLifestyle₹4,999
Lifetime Free
- Max benefits, Free for life
-
FIRST Classic10X RewardsShoppingNever Expiring Rewards
-
FIRST Millennia10X RewardsShoppingNever Expiring Rewards
-
FIRST Select10X RewardsLifestyle1.99% Forex
-
FIRST Wealth10X RewardsLifestyle1.5% Forex
-
FIRST WOW!RewardsTravelZero Forex
-
LIC ClassicRewardsInsuranceShopping
-
LIC SelectRewardsInsuranceShopping
10X Rewards
- Reward Multipliers
-
Diamond Reserve Credit CardLifestyleZero Forex₹3,000
-
AshvaLifestyleMetal₹2,999
-
MayuraLifestyleZero Forex₹5,999
-
FIRST ClassicNever Expiring RewardsShoppingLifetime Free
-
FIRST MillenniaNever Expiring RewardsShoppingLifetime Free
-
FIRST SelectNever Expiring RewardsLifestyleLifetime Free
-
FIRST WealthNever Expiring RewardsLifestyleLifetime Free
UPI Cards
- Rewards & Credit on UPI
-
FIRST WOW! BlackUPIVirtualRewards
-
IndiGo IDFC FIRST Dual Credit CardUPITravelDual cards
-
FIRST Power+FuelUPI₹499
-
FIRST PowerFuelUPI₹199
-
FIRST EA₹NVirtual1% Cashback₹499
-
FIRST DigitalVirtualUPI₹199
Fuel & Utility
- Fuel and Savings
-
FIRST PowerRewardsUPI₹199
-
FIRST Power+RewardsUPI₹499
-
LIC ClassicRewardsInsuranceShopping
-
LIC SelectRewardsInsuranceShopping
Showstopper
- Express and Flaunt
-
Diamond Reserve Credit CardTravelZero Forex₹3,000
-
AshvaMetal1% Forex₹2,999
-
MayuraMetalZero Forex₹5,999
-
FIRST SWYPEMIOfferMAX₹499
-
FIRST MillenniaRewardsShoppingLifetime Free
Credit Builder
- FD Backed rewarding Credit Cards for all
-
FIRST WOW! BlackZero ForexTravelAssured
-
FIRST EA₹NVirtualCashback₹499
-
FIRST WOW!Zero ForexTravelLifetime Free
-
CreditPro Balance TransferTransfer & SaveReduce InterestPay Smartly
More
NRI Savings Account
NRI Fixed Deposit
FOREX Solutions
- IDFC FIRST Bank NRI Forex Solutions
-
Send money to India-Wire transfer
-
Send money to India-Digitally
-
Send money abroad
-
Max Returns FD (INR)
Transfer to NRE
Corporate Account
Cash Management Services
Corporate Lending
Treasury
MSME Accounts
- IDFC FIRST Bank MSME Accounts
-
Platinum Current
Account -
Gold
Current Account -
Silver Plus
Current Account -
Merchant Multiplier
Account -
Agri Multiplier
Account -
TASC Institutional
Account -
Dynamic Current
Account -
World business
Account -
First Startup
Current Account -
EEFC Account
-
RERA Account
-
Other Accounts
Trade Services
MSME Loan
- IDFC FIRST Bank Business Loans
-
Business Loan
-
Professional Loan
-
Loan Against Property
-
Business Loan for Women
-
Working Capital Loan
-
Construction Equipment Loan
-
Machinery Loan
-
Healthcare Equipment Loan
MSME Solutions
- IDFC FIRST Bank Business Solutions
-
Payment Solutions
-
Tax Payments
-
Doorstep Banking
-
Point of Sale (POS)
-
Escrow Accounts
-
NACH
-
Payment Gateway
-
UPI
-
Virtual Accounts
Offers
About Us
Investors
ESG
-
As per amendment in the Income Tax Rules, PAN or Aadhaar are to be mandatorily quoted for cash deposit or withdrawal aggregating to Rupees twenty lakhs or more in a FY. Please update your PAN or Aadhaar. Kindly reach out to the Bank’s contact center on 1800 10 888 or visit the nearest IDFC FIRST Bank branch for further queries.
-
-
Most Searched
Sorry!
We couldn’t find ‘’ in our website
Here is what you can do :
- Try checking the spelling and search
- Search from below suggestions instead
- Widen your search & try a more generic keyword
Suggested
Get a Credit Card
Enjoy Zero Charges on All Commonly Used Savings Account Services
Open Account Now
EMI Calculators
According to recent data by Business Today, household borrowings in India surged to 42% of GDP in Q1 FY25, the highest level on record, with non-housing loans now accounting for about a third of this lending. As borrowing becomes more common, accurately gauging your repayment obligation is important. That is where an EMI calculator comes in handy, as it offers quick and precise calculations of your EMIs for better loan management. Read More
The IDFC FIRST Bank EMI calculator helps you make accurate estimations of your monthly EMI within seconds. By entering basic details such as the loan amount, tenure, and interest rate, this intuitive EMI calculator online provides a clear repayment summary, helping you plan your finances better and choose the right loan product confidently. Read Less
Explore EMI Calculators
Personal Loan
Personal Loan
Home Loan
Car Loan
Two Wheeler Loan
Education Loan
Business Loan
Personal Loan EMI Calculator
Loan Amount
₹
₹1L
₹10L
Interest rate (p.a.)
9.99%
10%
Tenure (years)
5 year
10 year
Equated Monthly Installments(EMI) :
₹4,425/-
Home Loan EMI Calculator
Loan amount
₹
₹3L
₹5Cr
Interest rate (p.a.)
5 %
15 %
Tenure (years)
1 year
30 years
Equated Monthly Installments(EMI) :
₹4,425/-
Loan Against Property EMI Calculator
Loan amount
₹
₹10K
₹25Cr
Interest rate (p.a.)
9.5%
15%
Tenure (years)
1 year
15 year
Equated Monthly Installments(EMI) :
₹4,425/-
Two Wheeler Loan EMI Calculator
Loan amount
₹
₹10K
₹5Cr
Interest rate (p.a.)
2 %
15 %
Tenure (years)
1 year
10 year
Equated Monthly Installments(EMI) :
₹4,425/-
Education Loan EMI Calculator
Loan amount
₹
₹3L
₹5Cr
Interest rate (p.a.)
4 %
15 %
Tenure (years)
1 year
10 year
Equated Monthly Installments(EMI) :
₹4,425/-
Business EMI Calculator
Loan amount
₹
₹10K
₹25Cr
Interest rate (p.a.)
5 %
15 %
Tenure (years)
1 year
10 year
Equated Monthly Installments(EMI) :
₹4,425/-
What is EMI ?
An EMI, or Equated Monthly Instalment, is a fixed amount you pay every month towards repaying your loan. Each instalment includes two components – the principal amount and the interest charged on the outstanding balance. As you continue paying, the interest portion gradually decreases while the principal repayment increases.
Using a reliable loan EMI calculator like the one offered by IDFC FIRST Bank ensures proper financial planning. You can easily know how much you will pay monthly and how much total interest will accrue over the tenure. This is particularly useful as the cost of credit has evolved significantly in India, with lending rates becoming more competitive. Whether you’re opting for a personal loan, car loan, or home loan, understanding your EMI beforehand helps maintain better control over your budget and repayment discipline.
Formula to calculate the loan EMI
The standard EMI formula is as follows:
EMI = [P × r × (1 + r)ⁿ] / [(1 + r)ⁿ – 1]
Where:- • p = Principal loan amount
- • r = Monthly interest rate (Annual rate ÷ 12 ÷ 100)
- • n = Loan tenure in months
For example, if you borrow a personal loan of ₹10 lakhs at 10% interest for 5 years, the EMI would approximately be ₹21,247 per month. You can verify this instantly using the IDFC FIRST Bank personal loan EMI calculator, ensuring precision without manual computation.
How to use the EMI calculator?
The online EMI calculator tool from IDFC FIRST Bank is simple and quick to use. All you need is to do is:
- • Enter the loan amount that you are opting for
- • Choose a suitable repayment tenure
- • Add the interest rate
The loan calculator instantly displays your monthly EMI, total interest payable, and overall repayment value, allowing you to assess affordability before finalising any loan.
Factors affecting your loan’s EMIs
Loan Amount
A higher principal increases the EMI proportionally. Always borrow what you can repay comfortably.
Interest Rate
The rate directly impacts the EMI. Lower interest rates reduce repayment burden, while higher ones increase it. Using an EMI interest calculator helps you assess the effect of rate fluctuations.
Loan Tenure
A longer tenure lowers monthly EMIs but increases the total interest payable. Conversely, shorter tenures mean higher EMIs but quicker loan closure.
Type of interest
Fixed rates ensure consistent EMIs, while floating rates vary with market conditions. Interest cost also depends on whether the calculation is reducing balance basis or a flat rate method.
Prepayments
Any part-payment towards your loan reduces the principal amount and can shorten your repayment period.
Benefits of Using an EMI Calculator
Compare loan options to find the most affordable rate and tenure.
Plan monthly budgets effectively to avoid financial strain.
Visualise repayment schedules and make informed borrowing decisions.
Types of EMI calculators
Home loan EMI calculator
Estimate your EMIs accurately before purchasing a property. This Home loan EMI calculator helps you choose the ideal tenure and interest rate suited to your budget.
Personal loan EMI calculator
Perfect for planning short-term borrowing needs such as travel, weddings, or emergencies, this personal loan emi calculator tool helps you visualise your total repayment and monthly instalments.
Car loan EMI calculator
Calculate the monthly outflow for your dream car and adjust the tenure or rate to find a balance between affordability and convenience.
Two-wheeler loan EMI calculator
This simple two-wheeler loan EMI calculator enables you to plan your two-wheeler purchase efficiently and manage repayments smoothly.
Loan against property EMI calculator
Designed to assess mortgage loans, this loan against property emi calculator helps you determine the EMI based on property value and repayment capacity.
Business loan EMI calculator
Entrepreneurs can use this business loan EMI calculator online to estimate EMIs and manage working capital or expansion costs effectively.
Education loan EMI calculator
Calculate your EMIs for higher education loans to plan academic expenses better.
Used car loan EMI calculator
This specialised used car loan EMI calculator helps you structure repayments for pre-owned vehicle financing with clarity.
How can an EMI calculator help you?
An EMI calculator empowers you to make informed borrowing decisions. It offers instant insights into your repayment structure, so you can plan your finances efficiently. Here’s how it helps:
Accurate estimations
Calculate EMIs instantly without manual errors.
Budget planning
Understand your monthly outflow and plan expenses smartly.
Interest comparison
Compare rates using the loan calculator to find the most affordable option.
Financial clarity
Assess how the tenure or rate changes affect repayments through the loan EMI calculator.
Better decision-making
Borrow wisely with complete repayment visibility.
FinFirst Blogs
Saving Account Content
Personal Loan Content
Home Loan Content
Credit Card Content
Mutual Fund Content
Fixed Deposit Content
Frequently asked question
Does the EMI calculator consider processing fees?
The IDFC FIRST Bank EMI calculator estimates the principal and interest components only. Since processing fees and other charges vary across loan types and depend on the lending banks, they are communicated separately at the time of during loan approval or disbursal. So theyHence, these charges are not included in the calculation process.
Can I calculate EMIs for a floating interest rate loan?
The IDFC FIRST Bank EMI calculator uses a fixed interest rate for estimation. However, for floating-rate loans, your EMI may change periodically depending on market conditions or RBI repo rate adjustments.
How does part-payment or prepayment affect my EMI?
Prepayment or part-payment reduces the outstanding principal, helping you save on the overall interest cost. Depending on your preference, the EMI may remain constant while the tenure reduces, or vice versa. Do check if the particular loan product you are choosing allows for a part-payment or prepayment.
Can I use the EMI calculator for multiple loans?
Yes. You can use different versions of the IDFC FIRST Bank EMI calculator for home, car, personal, and business loans to compare repayment schedules and affordability.
Will my EMI change if the interest rates fluctuate?
For loans with floating interest rates, EMIs may rise or fall with market rate movements. Fixed-rate loans remain unaffected by such fluctuations throughout the tenure.
Can I calculate EMI for different repayment frequencies?
Most calculators compute monthly EMIs. However, based on loan terms, some calculators may allow quarterly or annual repayment frequencies. The IDFC FIRST Bank monthly EMI calculator focuses on standard monthly repayments.
Does the EMI calculator consider inflation?
No. Inflation is not considered in EMI calculations. The calculator provides repayment estimates based solely on the principal amount, rate, and tenure, unaffected by future changes in purchasing power.
What happens if I fail to pay my EMIs?
Missing EMI payments can attract penalty charges, affect your credit score, and lead to legal recovery actions if the issue is prolonged. Timely payments help maintain good creditworthiness and financial discipline. Read more: Missed an EMI Payment? Here’s What You Need to Know
What will happen if the interest rate is reduced during the loan tenure?
If your loan is under a floating rate, a reduction in the interest rate will decrease your EMI or shorten your tenure, depending on the loan structure and lender’s policy.
Can I calculate EMI for a fixed interest rate?
Yes. The IDFC FIRST Bank EMI calculator is based on fixed interest rates by default, ensuring consistent monthly repayments without any change throughout your loan tenure.
Can my debt-to-income ratio affect the loan amount I qualify for?
Yes. A high debt-to-income ratio indicates limited repayment capacity and may reduce your eligible loan amount or increase your EMI burden. Maintaining a balanced ratio can enhance yours loan approval chances.
