₹
₹1 Lakh₹5 Crore
%
5%20%
Yrs
1 Year30 Years
EMI Breakdown
Principal Amount₹ 10,00,000
Total Interest Payable₹ 7,72,531
Total Amount Payable₹ 17,72,531
Monthly Loan EMI
₹ 9,847
Principal (56%)
Interest (44%)
Loan EMI Calculator
Plan your home loan, car loan, or personal loan easily. Enter your principal amount, interest rate, and tenure to see your monthly EMI breakdown instantly.
How does an EMI Calculator work?
An Equated Monthly Installment (EMI) is a fixed payment amount made by a borrower to a lender at a specified date each calendar month. Equated monthly installments are used to pay off both interest and principal each month so that over a specified number of years, the loan is paid off in full.
Our EMI Calculator helps you calculate your monthly installments for various types of loans:
- Home Loans: Plan your long-term housing finance with ease.
- Personal Loans: Calculate quick repayment schedules for short-term financial needs.
- Car Loans: Estimate your vehicle financing monthly outflow.
Formula used for EMI calculation
The mathematical formula to calculate EMI is: EMI = P × r × (1 + r)^n / ((1 + r)^n - 1)
- P is the Principal Loan Amount.
- r is the rate of interest calculated on a monthly basis. (i.e., r = Rate of Annual interest / 12 / 100).
- n is the loan tenure in months.
