EMI Calculator
Calculate monthly EMI, interest payable, and total repayment instantly.
Introduction
Our EMI Calculator helps you estimate monthly repayments for home loans, car loans, personal loans, and more. It provides insights into total interest payable and repayment schedules for better financial planning.
EMI Formula
The EMI formula is:
EMI = [P × r × (1 + r)N] ÷ [(1 + r)N − 1]
- P = Loan Amount
- r = Monthly interest rate (annual ÷ 12 ÷ 100)
- N = Loan duration (in months)
How to Use the EMI Calculator
- Enter the loan amount you wish to borrow.
- Enter the annual rate of interest.
- Enter the loan tenure in years.
- Click "Calculate EMI" to view EMI details.
Examples
- ₹5,00,000 at 10% for 5 years → EMI ≈ ₹10,624
- ₹10,00,000 at 8.5% for 15 years → EMI ≈ ₹9,847
- ₹3,00,000 at 12% for 3 years → EMI ≈ ₹9,958