EMI Calculator
Calculate your monthly EMI and plan your loan repayment
Enter Loan Details
Rs. 50,000
Rs. 1 Cr
7%
24%
1 Year
30 Years
EMI Breakdown
Monthly EMI
Rs. 21,494
Principal Amount
Rs. 10,00,000
Total Interest
Rs. 2,89,640
Total Payment
Rs. 12,89,640
Amortization Schedule
What is EMI?
EMI (Equated Monthly Installment) is a fixed payment made by a borrower to a lender on a specified date each month.
EMI Formula
EMI = P × r × (1 + r)^n / ((1 + r)^n - 1), where P is principal, r is monthly interest rate, n is tenure in months.
Reduce Your EMI
Increase loan tenure, make a larger down payment, or improve your credit score for better interest rates.