Easily calculate your monthly loan EMI, total interest, and total payment amount.
Monthly EMI: ₹
Total Interest Payable: ₹
Total Payment (Principal + Interest): ₹
The EMI (Equated Monthly Instalment) Calculator helps you calculate how much you need to pay every month for your loan. It uses your Loan Amount, Interest Rate, and Loan Tenure to give accurate results.
💡 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 = Loan tenure in months
Use this calculator for planning your home loan, car loan, education loan, or personal loan. A smaller tenure and lower interest rate reduce your total interest outflow.