EMI Calculator
Work out the monthly EMI, total interest and year-by-year repayment for any loan.
₹
₹10,000₹2 Cr
Enter a value between 10000 and 1000000000.
%
1%30%
Enter a value between 1 and 30.
Yr
1 Yr30 Yr
Enter a value between 1 and 30.
Monthly EMI
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Frequently asked questions
How is EMI calculated?
EMI = P × i × (1 + i)^n ÷ ((1 + i)^n − 1), where P is the loan amount, i is the yearly rate ÷ 12 and n is the number of monthly instalments.
Why is most of my early EMI interest?
Interest is charged on the outstanding loan. At the start the balance is highest, so interest takes up most of the EMI; the principal share grows over time.
How can I reduce the interest I pay?
A shorter tenure, a lower rate or part-prepayments reduce total interest. Prepaying early in the loan saves the most.
Disclaimer: This calculator is for illustration only. The EMI shown assumes a fixed interest rate for the whole tenure and excludes processing fees, insurance and other charges. Your lender's actual EMI may differ.