EMI CALCULATOR

Estimate your monthly EMI, total interest and total repayment. Includes amortization schedule and pie chart breakdown.

⚙️ Loan Details

Reducing Balance

💰 Loan Amount

₹ 10,00,000

Typical range: ₹10,000 to ₹1,00,00,000

📊 Interest Rate (p.a.)

10.00%

Rate is annual. Monthly rate = annual ÷ 12.

⏱️ Tenure

5 years (60 months)

You can switch between years and months.

Summary

💳 Monthly EMI

₹ 0

—

📊 Total Interest

₹ 0

—

💰 Total Repayment

₹ 0

—

🧾 Loan Summary

—

Principal ₹ 0

Interest ₹ 0

This chart shows your total repayment split into principal vs interest.

Month	Opening	Principal	Interest	EMI	Closing

EMI (Equated Monthly Installment) is the fixed amount you pay every month. Each EMI includes interest + principal.

Formula used: EMI = P × r × (1+r)^n / ((1+r)^n − 1)

Is this EMI calculator accurate?
It provides an estimate. Actual EMIs may vary due to fees, insurance, taxes, or rounding.

Can I reduce my EMI?
Reduce EMI by lowering loan amount, increasing tenure, or getting a lower interest rate.

Why does total interest change a lot with tenure?
Longer tenure = more months interest is charged.

Disclaimer: This tool is for educational purposes only and does not constitute financial advice.