EMI Calculator
Calculate your loan EMI and view detailed amortization schedule
Loan Details
Adjust the values to calculate your EMI
Loan Summary
Your loan repayment details
Amortization Schedule
Month-by-month breakdown of your loan repayment
| Month | EMI | Principal | Interest | Balance |
|---|
About EMI Calculation
EMI (Equated Monthly Installment) is the fixed amount that you pay to the lender on a specific date each month towards your loan. It consists of both principal and interest components.
The EMI is calculated using the formula: EMI = P × r × (1 + r)^n / ((1 + r)^n - 1), where:
- P is the principal loan amount
- r is the monthly interest rate (annual rate divided by 12 and then by 100)
- n is the loan tenure in months
This calculator helps you understand how your EMI is distributed between principal and interest payments over the loan tenure, allowing you to make informed decisions about your loan.
Disclaimer: The use of financial calculators is subject to inherent financial and calculation risks. It is recommended to always consult with your financial advisors prior to undertaking any financial actions.