Calculate your monthly EMI payments with our advanced calculator. Get instant results with detailed breakdowns to plan your loan repayment effectively.
Use our EMI calculator to estimate your monthly payments and plan your loan repayment effectively.
Click "Calculate EMI" to see your monthly payment breakdown
* EMI calculation is for illustration purposes only. Actual EMI may vary based on your credit profile and lender terms.
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Learn how EMI is calculated and what factors affect your monthly payments
EMI (Equated Monthly Installment) is the fixed amount you pay each month towards your loan. It includes both the principal amount and the interest, calculated in a way that the total amount is paid off by the end of the loan tenure.
EMI = P × r × (1 + r)^n / ((1 + r)^n - 1)
Where:
P = Principal loan amount
r = Monthly interest rate (annual rate ÷ 12 ÷ 100)
n = Total number of months
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