About EMI Calculations

The Equated Monthly Installment (EMI) is the fixed payment amount made by a borrower to a lender at a specified date each calendar month. EMI includes both principal and interest and is calculated using the formula:

EMI = [P × r × (1 + r)n] / [(1 + r)n – 1]

where P is the loan amount, r is the monthly interest rate (annual rate divided by 12 and then by 100), and n is the total number of monthly installments.

Key Benefits

  • Fixed Payments: Plan your monthly budget with predictable EMI amounts.
  • Easy Comparison: Evaluate different loan offers by comparing EMIs.
  • Financial Planning: Know your total interest outgo and total repayment amount.

Use this tool to plan your loan repayments and make informed financial decisions.

EMI Calculation Results

Based on your loan details

Monthly EMI
₹0.00
Total Interest
₹0.00
Total Payment
₹0.00
Note: Calculations are estimates and assume fixed interest rates. Actual EMI may vary with changes in rates or additional fees.