EMI Calculator
Find your monthly installment, total interest, and repayment schedule.
Loan details
Monthly EMI
₹0
Principal Amount
₹0
Total Interest Payable
₹0
Total Payment (Principal + Interest)
₹0
Yearly Amortization Schedule
| Year | Principal Paid | Interest Paid | Balance Remaining |
|---|
What is EMI?
EMI (Equated Monthly Installment) is the fixed amount you pay every month toward your loan until it's fully repaid. Each installment covers a portion of the principal and the interest charged for that month — early in the loan, more of your EMI goes toward interest; later, more goes toward principal.
Formula
EMI = P × r × (1+r)n / [(1+r)n − 1]
Where P = principal loan amount, r = monthly interest rate (annual rate ÷ 12 ÷ 100), n = number of monthly installments (years × 12).