EMI Calculator

An EMI (Equated Monthly Installment) is the fixed amount you pay your lender each month until a loan is fully repaid, covering both principal and interest. This calculator works out your monthly EMI, the total interest paid, and the overall cost of a loan.

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Loan Details

Calculate your monthly Equated Installment and total interest payable across home, car, or personal loans.

LOAN AMOUNT (₹)

INTEREST RATE (% PER ANNUM)

LOAN TENURE (YEARS)

MONTHLY EMI

₹17,356

EMI Formula

EMI = P × r × (1 + r)ⁿ ÷ {(1 + r)ⁿ - 1}

Payment Breakdown

How your total payment splits.

TOTAL PAYMENT₹41.65L

Principal

₹20,00,000

Interest

₹21,65,440

You pay ₹1.08 in interest for every ₹1 of principal

Based on your current loan parameters

Principal Amount₹20,00,000

Total Interest₹21,65,440

Total Payment₹41,65,440

Tenure240 months

EMI calculations are indicative. Actual loan terms may include processing fees, prepayment charges, and varying interest rates.