EMI Calculator
Calculate your monthly loan installment in seconds
Enter Loan Details
₹50K₹1Cr
5%24%
1 Yr30 Yrs
Monthly EMI
₹8,678
Total Interest
₹11,83,000
Total Amount
₹21,83,000
Payment Breakdown
Principal Amount
₹10,00,000
Total Interest
₹11,83,000
Interest Rate
8.5% p.a.
Yearly Amortization Schedule
| Year | Principal Paid | Interest Paid | Balance |
|---|
What is EMI?
EMI (Equated Monthly Installment) is the fixed monthly amount you pay to repay a loan over its tenure. It consists of a principal component and an interest component.
EMI Formula: EMI = P × r × (1+r)^n / [(1+r)^n - 1], where P = Principal, r = monthly interest rate, n = number of months.