EMI Calculator

₹ 10,00,000
6.5 %
5 Yr

EMI Breakdown

Monthly EMI:₹0.00
Principal Amount:₹10,00,000.00
Total Interest:₹0.00
Total Amount:₹0.00

What is an EMI Calculator?

An EMI (Equated Monthly Installment) calculator helps you instantly know your monthly loan payment. Just enter your loan amount, interest rate, and tenure to see your EMI—making financial planning simple and transparent.

What Affects Your EMI?

  • Loan Amount:The bigger your loan, the higher your EMI.
  • Interest Rate:Higher rates mean higher EMIs. Compare rates to save money.
  • Loan Tenure:Longer tenure lowers EMI but increases total interest. Shorter tenure means higher EMI but less interest overall.

Why Use an EMI Calculator?

  • Instant Results:Get your EMI amount instantly—no manual calculations.
  • Budget Planning:Plan your monthly budget and avoid missing payments.
  • Compare Options:Try different loan scenarios to find your best fit.
  • Confidence:Reduce mistakes and make confident financial decisions.

How is EMI Calculated?

Here’s the formula used to calculate your EMI:

EMI = P × R × (1 + R)N
(1 + R)N - 1

Where:

  • P = Loan amount
  • R = Monthly interest rate
  • N = Number of monthly installments

Don’t worry about the math—just use the calculator above!

Frequently Asked Questions

Get answers to common questions about EMI calculations, loan processes, and financial planning.

Need More Help?

If you have specific questions about your loan application or need personalized financial advice, our experts are here to help.