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Home/EMI Calculator

Plan Your EMI Before
You Even Apply

Use our free EMI calculator to estimate your monthly payment for any loan type — Personal, Home, Business, LAP, or Education.

EMI Calculator

Adjust the sliders to calculate your monthly EMI instantly

Loan Amount\u20B910,00,000
Interest Rate (p.a.)10.5%
Loan Tenure5 Years
Apply for This Loan →
\u20B921,247
Monthly EMI
Principal
\u20B910,00,000
Total Interest
\u20B92,74,824
Total Payable
\u20B912,74,824
Tenure
5 Years
Understanding EMI

How EMI is Calculated

The Formula

EMI = P × R × (1+R)^N / ((1+R)^N − 1), where P=Principal, R=Monthly Interest Rate, N=Tenure in months.

Interest Reduces Over Time

Early EMIs go mostly toward interest; later EMIs go mostly toward principal repayment.

Lower Tenure = Less Interest

A shorter tenure means higher EMI but significantly less total interest paid over the loan life.

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