Scenario 1
Home loan EMI
₹2,000,000 at 8.5% for 20 years → EMI of ₹17,356. Total interest paid: ₹2,165,440.
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EMI Calculator
Know your exact monthly EMI before you sign any loan agreement.
Adjust your inputs
Results update instantly as you type or drag.
1,000 – 100,000,000
$
0.1 – 30
%
1 – 360
Quick insights
Total interest paid
$137,411
Total amount payable
$637,411
Quick answer
What is EMI and how is it calculated?
EMI = P × r × (1+r)^n / ((1+r)^n − 1). P = principal, r = monthly rate, n = months. It's the same as a standard amortized loan payment.
How it works
From inputs to result in four steps
A quick walkthrough of what this calculator does behind the scenes.
- 1
Enter the loan principal amount.
- 2
Enter the annual interest rate.
- 3
Set the loan tenure in months.
- 4
Get your exact monthly EMI instantly.
Formula
The math behind the number
No black box — here's exactly how the result is computed.
Formula
EMI = P × r × (1 + r)^n
────────────────
(1 + r)^n − 1
P = Principal loan amount
r = Monthly interest rate = Annual rate ÷ 12 ÷ 100
n = Loan tenure in monthsExamples
Real-world scenarios
See how the numbers play out for typical use cases.
Scenario 2
Personal loan EMI
₹500,000 at 14% for 3 years → EMI of ₹17,089. Total interest: ₹115,204.
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