EMI calculator
Enter loan amount, annual interest rate, and tenure. EMI uses the standard reducing-balance formula (monthly rests).
Monthly EMI
- Total payment
- Total interest
- Principal
How EMI is calculated
For monthly payments, EMI = P × r × (1 + r)n / ((1 + r)n − 1), where P is principal, r is monthly interest rate (annual rate ÷ 12 ÷ 100), and n is number of monthly instalments. Actual terms may vary by lender.