Loan Details
Enter your details
₹
₹10,000
₹1 Cr
% p.a.
0.01%
30%
Years
1 Year
40 Years
MONTHLY EMI
₹0.00
per month
Principal Amount
₹0.00
Total Interest
₹0.00
Total Payment
₹0.00
PAYMENT BREAKDOWN
Principal
Interest
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What is an EMI?
EMI stands for Equated Monthly Instalment. It is the amount a borrower pays every month towards a loan.
Every EMI consists of a portion of the principal loan amount and the interest charged by the lender.
Enter your loan amount, interest rate and tenure above to instantly estimate your monthly EMI and total repayment amount.
The calculator displays monetary values up to two decimal places for precise financial calculations.
EMI Formula
EMI = P × R × (1 + R)ⁿ
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(1 + R)ⁿ − 1
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(1 + R)ⁿ − 1
P = Principal loan amount
R = Monthly interest rate
(annual rate ÷ 12 ÷ 100)
N = Total number of monthly instalments