EMI Calculator
Calculate your Equated Monthly Installment (EMI) for home loans, car loans, personal loans, and other credit facilities.
Loan Details
EMI Summary
Monthly EMI
₹21,457
Principal Amount
₹25,00,000
Total Interest
₹26,49,680
Total Payment
₹51,49,680
Payment Breakdown
Principal
Interest
About EMI Calculator
What is EMI?
EMI stands for Equated Monthly Installment. It is a fixed payment amount made by a borrower to a lender at a specified date each calendar month. EMIs are used to pay off both interest and principal each month.
EMI Formula
EMI = [P × R × (1+R)^N] / [(1+R)^N - 1]
- • P = Principal loan amount
- • R = Monthly interest rate
- • N = Number of monthly installments