EMI Calculator
Monthly EMI, total interest and schedule.
8,997
Monthly EMI
1,159,342
Total interest
2,159,342
Total payable
How to use the EMI Calculator
- 1 Enter the loan amount, annual interest rate and tenure.
- 2 See your monthly EMI and total interest instantly.
- 3 Review the year-by-year breakdown.
Examples
- ▸ ₹10,00,000 at 9% for 20 years ≈ ₹8,997/month.
Frequently asked questions
How is EMI calculated?
EMI = P·r·(1+r)^n / ((1+r)^n − 1), where P is principal, r is the monthly interest rate, and n is the number of months.
Does a longer tenure reduce my EMI?
Yes, a longer tenure lowers the monthly EMI but increases the total interest you pay over the life of the loan.