Loan EMI Calculator
Calculate your monthly EMI, total interest payable, and more with our easy-to-use calculator.
Calculate Your EMI
Affects default interest rate
₹5,00,000
₹50K₹1Cr
10.99%
5%24%
36 months
3 months20 years
Loan Summary
Monthly EMI
₹0
Total Interest
₹0
Total Amount
₹0
How is EMI calculated?
EMI (Equated Monthly Installment) is calculated using the following formula:
EMI = P × r × (1 + r)^n ÷ [(1 + r)^n - 1]
Where:
- P = Principal loan amount
- r = Monthly interest rate (Annual rate ÷ 12 ÷ 100)
- n = Loan tenure in months