Financial Calculator
EMI Calculator
Estimate your monthly loan payment, total interest and total repayment based on the loan amount, interest rate and tenure.
Loan Details
Enter your loan details to calculate the estimated monthly EMI.
Example: ₹10,00,000
Enter the annual reducing-balance interest rate.
Tenure is converted into monthly installments.
EMI Result
Your estimated monthly payment
Monthly EMI
₹21,247
Approximately 21,247 per month
Principal Amount
₹10,00,000
Total Interest
₹2,74,823
Total Repayment
₹12,74,823
Interest Share
21.6%
This calculator provides an estimate based on the reducing-balance EMI formula. Actual EMI, fees, taxes and repayment terms may vary depending on the lender and loan product.
How EMI is calculated
The calculator uses the standard reducing-balance EMI formula commonly used for installment-based loans.
EMI = P × r × (1 + r)ⁿ ÷ ((1 + r)ⁿ − 1)
P
Principal loan amount.
r
Monthly interest rate.
n
Total number of monthly installments.
Disclaimer: This calculator is provided for informational and illustrative purposes only. Actual EMI, interest, fees, taxes, processing charges and other loan terms may vary depending on the lender and financial product. Please verify the final terms with the relevant financial institution.