EMI Calculator
Calculate your Equated Monthly Instalment (EMI) for any loan with interactive charts, total interest and full amortisation.
History
How it works
EMI = P × r × (1 + r)^n ÷ ((1 + r)^n − 1), where P is the principal, r is the monthly interest rate (annual ÷ 12 ÷ 100) and n is the number of monthly instalments.
Example
A ₹10,00,000 loan at 9.5% for 20 years gives an EMI of about ₹9,321 and total interest of ₹12,37,146.
Results are estimates for informational purposes only and are not financial advice.
Frequently Asked Questions
EMI (Equated Monthly Instalment) is the fixed amount you repay every month, covering both principal and interest, until the loan is fully paid.
Yes — a longer tenure lowers the monthly EMI but increases the total interest you pay over the life of the loan.