Free — Updated 2025
📊 EMI Calculator —
Instant EMI Calculator
Calculate exact monthly EMI for any loan — home, car, personal or business.
₹0Cost
InstantResults
All LoansSupported
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EMI Calculator Details
₹ 500,000
₹10K₹1Cr
₹
8.5%
1%30%
% p.a.
5 Years
1 yr30 yrs
Years
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EMI FormulaEMI = P × r × (1+r)ⁿ / ((1+r)ⁿ − 1)
P = Principal · r = Monthly Rate (annual/12/100) · n = Total Months
P = Principal · r = Monthly Rate (annual/12/100) · n = Total Months
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Year-wise Amortization| Year | Opening Balance | Principal Paid | Interest Paid | Closing Balance |
|---|
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Loan SummaryMonthly EMI
₹ —
Loan Amount
₹ —
Total Interest
₹ —
Total Payable
₹ —
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Frequently Asked QuestionsWhat is EMI?+
EMI (Equated Monthly Installment) is a fixed monthly payment covering principal + interest.
EMI formula?+
EMI = P × r × (1+r)ⁿ / ((1+r)ⁿ − 1) where P=Principal, r=Monthly Rate, n=Total Months.
How to reduce EMI?+
Make part-prepayments, get lower interest rate, extend tenure, or increase down payment.
What is amortization schedule?+
Month-by-month table showing principal paid, interest paid, and outstanding balance.
Does tenure affect total interest?+
Yes greatly. Longer tenure = lower EMI but much higher total interest cost.
⚠️ EMI figures are estimates for planning purposes only. Actual EMI may vary based on bank processing fees and charges. Always confirm with your lender.