EMI Calculator | Calculate Your Monthly Payments in smart way

Fast EMI Calculator for Accurate Loan Planning

Calculate your monthly EMI, total interest payable, and view payment breakdown with our easy-to-use calculator.

Loan Amount (RS.) Min: Rs.1,000 - Max: RS.1,00,00,000

Interest Rate (% per annum) Min: 1% - Max: 30%

Loan Tenure

Enter loan tenure between 1 and 360 months

Your Monthly EMI

Rs.9,643

Principal Amount Rs.5,00,000

Total Interest Rs.78,580

Total Amount Rs.5,78,580

Loan Amortization Schedule

Month	EMI	Principal	Interest	Balance

What is EMI?

EMI (Equated Monthly Installment) is the fixed amount you pay to your lender each month until your loan is fully repaid. It includes both principal and interest components.

The EMI is calculated using the formula:

EMI = [P × R × (1+R)^N]/[(1+R)^N-1]

Where:

• P = Principal loan amount
• R = Monthly interest rate (Annual rate ÷ 12 ÷ 100)
• N = Total number of monthly installments

Frequently Asked Questions

How accurate is this EMI calculator?

This calculator uses the standard EMI formula used by banks and financial institutions. It provides highly accurate results based on the inputs you provide. However, actual loan terms may vary slightly depending on your lender's specific policies.

How does changing the loan tenure affect my EMI?

Increasing your loan tenure will reduce your monthly EMI amount but increase the total interest paid over the loan period. Conversely, decreasing the tenure will increase your EMI but reduce the total interest cost.