EMI Calculator
Calculate your monthly EMI, total interest payable, and get a year-wise amortization schedule.
Enter Loan Details
Choose a loan type
Loan Amount (₹)
Interest Rate (% p.a.)
Loan Tenure (Years)
PrincipalInterest
Monthly EMI
,
Total Interest
,
Total Payment
,
Principal
Interest
Year-wise Amortization Schedule
| Year | Principal Paid | Interest Paid | Outstanding Balance |
|---|
How Is EMI Calculated?
EMI (Equated Monthly Installment) is calculated using the standard reducing balance formula:
EMI = P × r × (1+r)n / [(1+r)n, 1]
Where: P = Principal loan amount, r = Monthly interest rate (annual rate / 12 / 100), n = Number of monthly installments (tenure in years × 12).