EMI Calculator
Calculate your Equated Monthly Installment (EMI) for loans. Shows monthly payment, total interest, and amortization summary.
Enter loan details.
EMI Formula
EMI = P × r × (1+r)ⁿ / [(1+r)ⁿ − 1]
P = principal, r = monthly interest rate, n = number of months
P = principal, r = monthly interest rate, n = number of months
Example: ₹5,00,000 at 8.5% for 5 years (60 months).
EMI = ₹10,238 | Total interest = ₹1,14,276
EMI = ₹10,238 | Total interest = ₹1,14,276
FAQ
What is EMI?
EMI (Equated Monthly Installment) is a fixed monthly payment made to repay a loan. It includes both principal and interest components. Early payments are interest-heavy; later payments are principal-heavy.
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Last updated: 2026-08-08