EMI Calculator
Calculate your loan EMI, total interest and total repayment.
Total Value
₹0
How EMI is calculated
Equated Monthly Installment (EMI) is computed with EMI = P × i × (1 + i)^n / [(1 + i)^n − 1], where P is the principal, i the monthly interest rate, and n the number of months. The chart splits your total repayment into principal and interest.
Frequently asked questions
Does a longer tenure reduce EMI?
Yes, a longer tenure lowers the monthly EMI but increases the total interest you pay over the life of the loan.
Is the interest rate fixed?
This tool assumes a fixed rate. Floating-rate loans will change EMI or tenure when rates move.