Calculate your Equated Monthly Installment (EMI) for home loans, car loans, personal loans, and more.
Your monthly loan payment
| Year | Principal | Interest | Balance |
|---|---|---|---|
| 1 | ₹72,000 | ₹31,380 | ₹9,28,000 |
| 2 | ₹78,200 | ₹25,180 | ₹8,49,800 |
| 3 | ₹84,900 | ₹18,480 | ₹7,64,900 |
| 4 | ₹92,100 | ₹11,280 | ₹6,72,800 |
| 5 | ₹99,900 | ₹3,480 | ₹5,72,900 |
An Equated Monthly Installment (EMI) is a fixed payment amount made by a borrower to a lender at a specified date each calendar month. EMIs are used to pay off both interest and principal each month so that over a specified number of years, the loan is paid off in full.
The EMI calculation uses a standard formula that considers three factors:
The mathematical formula for EMI is:
EMI = [P × R × (1+R)^N] / [(1+R)^N-1]
Where:
P = Loan amount (principal)
R = Monthly interest rate (annual rate ÷ 12)
N = Loan tenure in months
Our EMI calculator helps you make informed financial decisions by providing accurate repayment information for any type of loan.
Precise EMI calculations based on standard financial formulas.
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