EMI Calculator
Calculate your monthly loan EMI based on amount, rate and tenure
₹
₹1L ₹5Cr
%
1% 30%
months
1 yr 30 yrs
Monthly EMI --
Principal Amount
-- Total Interest
-- Total Payment --
How EMI is Calculated
EMI (Equated Monthly Instalment) is the fixed amount you pay to the lender each month until the loan is fully repaid.
Principal Amount (P)
The total loan amount you borrow from the lender.
Interest Rate (R)
The annual rate of interest charged by the lender on the principal.
Tenure (N)
The duration in months over which you repay the loan.
EMI Formula: EMI = P x R x (1+R)N / ((1+R)N - 1), where R is the monthly interest rate (Annual Rate / 12 / 100)
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