Free EMI Calculator
Calculate Your Loan EMI
Plan your finances better with our easy-to-use EMI calculator. Get instant estimates for your monthly payments.
Loan Details
₹5,00,000
₹50K₹50L
12%
5%30%
36 months
6 mo84 mo
Your EMI Details
Monthly EMI
₹16,607
Principal Amount
₹5,00,000
Total Interest
₹97,858
Total Amount Payable
₹5,97,858
Payment Breakdown
Principal (84%)Interest (16%)
How EMI is Calculated?
EMI (Equated Monthly Installment) is calculated using the following formula:
EMI = [P x R x (1+R)^N] / [(1+R)^N-1]
- P = Principal loan amount
- R = Monthly interest rate (Annual rate / 12 / 100)
- N = Loan tenure in months