EMI Calculator

Calculate your monthly loan payment, total interest and total repayment amount.

Loan Details

Loan Amount

Rs.

Annual Interest Rate

Loan Tenure

Monthly EMI

Enter your loan details

Your EMI will appear here.

How EMI is calculated

EMI stands for Equated Monthly Instalment. It is the fixed amount you pay each month toward a reducing balance loan.

EMI = P × r × (1 + r)ⁿ ÷ ((1 + r)ⁿ − 1)

Where P is the loan principal, r is the monthly interest rate, and n is the total number of monthly payments.

This calculator provides an estimate. Your actual repayment may vary depending on the lender's interest calculation method, fees, insurance and other charges.