EMI Calculator
Plan your loan before you borrow. Adjust the amount, interest rate and tenure to see your monthly EMI and the total cost of your loan.
₹10 L
10.50%
5 years
Monthly EMI
₹21,494
Principal₹10,00,000
Total Interest₹2,89,634
Total Payable₹12,89,634
● PrincipalInterest ●
Indicative figures on a reducing-balance basis. Actual EMI depends on the lender, your profile and applicable charges. Total of 60 instalments.
What is an EMI?
An Equated Monthly Instalment is the fixed amount you repay every month, made up of both principal and interest on a reducing-balance basis.
How is it calculated?
EMI = P × r × (1+r)ⁿ / ((1+r)ⁿ − 1), where P is principal, r is the monthly interest rate and n is the number of months.
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