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EMI Calculator

Loan EMI, total interest and total payment

₹
%
Yr
Principal Interest
Monthly EMI₹20,758
Principal amount₹10,00,000
Total interest₹2,45,497
Total payment₹12,45,497

Estimates only. Your bank's actual EMI may differ with processing fees and the exact interest calculation method.

EMI Calculator — Equated Monthly Instalment

An EMI (Equated Monthly Instalment) is the fixed amount you repay every month on a loan — part interest, part principal. Enter the loan amount, interest rate and tenure to see your monthly EMI, the total interest you'll pay, and the total amount repaid, with a live principal-vs-interest split.

Formula used

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

Where the variables mean:

PPrincipal — the loan amount
rMonthly interest rate (annual rate ÷ 12 ÷ 100)
nLoan tenure in months (years × 12)