Calculate your monthly Equated Monthly Installment (EMI) for home loans, car loans, personal loans, and more.
Monthly EMI
₹ 0
EMI = P × r × (1 + r)n / ((1 + r)n - 1)
P = Principal Loan Amount
r = Monthly Interest Rate (Annual Rate / 12 / 100)
n = Total Number of Monthly Installments
Loan Amount: ₹5,00,000
Interest Rate: 8.5% per annum
Tenure: 5 Years (60 months)
Monthly EMI: ₹10,259
Total Interest: ₹1,15,540
Total Payment: ₹6,15,540
Understanding the components of your loan repayment
The actual amount you borrow from the lender. This is the base on which interest is calculated.
The cost of borrowing money. In initial years, a larger portion of EMI goes towards interest.
The portion of EMI that reduces your outstanding loan balance. This increases over time.
Our financial experts can help you plan your loan and manage your finances better