EMI Calculator
Calculate monthly installments for Home, Car, Personal & Business loans with full amortization schedule
Loan Details
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₨10K₨25L₨50L₨75L₨10Cr
%
0.1%9%18%27%36%
Yrs
1Y7Y15Y22Y30Y
₨
Mo
Your EMI Results
Enter your loan details
and press Calculate EMI
Monthly EMI
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Principal Amount
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Total Interest
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Total Payment
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Interest %
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Interest —
Prepayment —
📋 Amortization Schedule
Principal Paid
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Interest Paid
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Understanding Your EMI
EMI (Equated Monthly Installment) is a fixed payment amount made by a borrower to a lender at a specified date each calendar month. EMIs are used to pay off both interest and principal each month so that over a specified number of years, the loan is fully paid off.
EMI Formula
EMI = P × r × (1+r)ⁿ / [(1+r)ⁿ − 1]
P = Principal Loan Amount
r = Monthly Interest Rate (Annual Rate ÷ 12 ÷ 100)
n = Number of Monthly Installments
Tips to Reduce EMI
💡 Opt for a longer loan tenure to reduce monthly EMI burden
💰 Make lump sum prepayments to reduce principal and interest
📊 Maintain a high CIBIL score (750+) for lower interest rates
🔄 Consider balance transfer to a lender with lower rate