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EMI Calculator

Loan EMI, total interest and payment schedule totals.

Enter details

How to use

  1. Fill in: Loan amount, Interest rate (% p.a.), Tenure (years) and Currency. Fields with defaults or marked optional can stay as shown.
  2. Tap Calculate EMI.
  3. Read the result - you can print or save it as PDF.

Worked example

With Loan amount = 1000000, Interest rate = 9, Tenure = 20:

MONTHLY EMI8,997 INR
  • Total payment: 2,159,342 INR
  • Total interest: 1,159,342 INR
  • Principal: 1,000,000 INR
  • Tenure: 240 months
Reducing-balance EMI. Banks may round differently; check your sanction letter.

Common questions

What is the EMI formula?

EMI = P x r x (1+r)^n / ((1+r)^n - 1), where P is the loan amount, r is the monthly interest rate (annual rate divided by 12) and n is the number of monthly installments.

What is the EMI for 10 lakh at 9% for 20 years?

Rs 8,997 per month (P = 10,00,000, r = 0.75% per month, n = 240). Total repayment is Rs 21,59,342, of which Rs 11,59,342 is interest.

Does the EMI stay the same for the full tenure?

For a fixed-rate loan, yes - but early installments are mostly interest and later ones mostly principal.

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