EMI Calculator

Calculate your Equated Monthly Installment

Use our EMI calculator to estimate your monthly loan payments. Adjust the loan amount, interest rate, and tenure to find the EMI that fits your budget.

Loan Amount

₹

₹1L₹5Cr

Interest Rate (p.a.)

1%30%

Loan Tenure

1 Year30 Years

Monthly EMI

₹12,399

Loan Breakdown

Principal Amount

₹10,00,000

Total Interest

₹4,87,828

Total Amount₹14,87,828

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What is EMI?

EMI stands for Equated Monthly Installment. It is the fixed monthly payment made to a lender to repay a loan over a specific period. Each EMI payment consists of two components: the principal amount and the interest on the outstanding loan balance.

EMI Formula

EMI = P × r × (1+r)ⁿ / ((1+r)ⁿ - 1)

Where P = Principal, r = Monthly interest rate, n = Total number of months

Disclaimer: This calculator provides approximate results for informational purposes only. Actual EMI may vary depending on the lender's specific terms, processing fees, and other charges.