Calculator
EMI Calculator
Calculate monthly EMI for loans with principal, rate, and tenure.
₹10,00,000
8.5%
5 yrs (60 mo)
Monthly EMI
₹20,517
Total Interest
₹2,30,992
Total Amount
₹12,30,992
Interest18.8%
PrincipalInterest
How to Use
Adjust the sliders or type values for Loan Amount, Interest Rate, and Tenure. The EMI, total interest, and total amount update in real time. A donut chart shows the principal vs. interest breakdown visually.
Why Use This Tool
Before taking a loan, understanding your monthly obligation is critical. This tool lets you experiment with different amounts, rates, and tenures to find a comfortable EMI. All calculations use the standard banking EMI formula.
Frequently Asked Questions
EMI = [P × R × (1+R)^N] / [(1+R)^N - 1], where P is principal, R is monthly interest rate, and N is total months.
The formula is the standard used by all banks. Actual EMI may vary slightly due to processing fees or rounding.
Yes! This calculator works for any type of loan — home, car, personal, or education.