EMI Calculator
Find your monthly loan installment (EMI), the total interest you'll pay, and a full month-by-month amortization schedule — for home, auto, personal or any reducing-balance loan.
| Month | EMI | Principal | Interest | Balance |
|---|
How the EMI is calculated
EMI (Equated Monthly Installment) uses the reducing-balance formula: EMI = P × r × (1+r)n ÷ [(1+r)n − 1], where P is the principal, r is the monthly interest rate (annual rate ÷ 12 ÷ 100) and n is the number of months.
Tip
A longer tenure lowers your monthly EMI but increases the total interest you pay. Try a few combinations above to find a balance that fits your budget.
For guidance only. Banks may add service charges, insurance or fees, and may compound differently — confirm the exact figures with your lender.
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