EMI Calculator
Know what your loan really costs.
About this calculator
EMI (Equated Monthly Instalment) is the fixed amount you pay every month on a loan. This calculator shows the EMI, the total interest and how much of what you have paid each year is principal versus interest.
Common questions
What is an EMI?
The fixed monthly payment you make on a loan, made of interest plus principal.
How is EMI calculated?
EMI = P x r x (1+r)^n / ((1+r)^n - 1), where P is the loan, r the monthly rate and n the number of months.
Does a longer tenure save money?
It lowers the EMI but increases the total interest you pay.
Illustration only. Returns are not guaranteed and this is not investment advice. Taxes, fund expenses and exit loads are not included unless stated.