Free Tool

EMI Calculator

Calculate your exact monthly instalment for any loan instantly

📊 EMI Calculator ✅ Eligibility Calculator ⚖️ Loan Comparison

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Adjust the sliders to see instant results

Loan Amount ₹20,00,000

₹1 Lakh₹5 Crore

Annual Interest Rate 8.50%

5%24%

Loan Tenure 20 Years

1 Year30 Years

Apply for This Loan →

Monthly EMI

₹17,356

For ₹20L at 8.50% for 20 years

Principal

₹20,00,000

Total Interest

₹21,65,514

Total Payable

₹41,65,514

Interest %

108%

Principal vs Interest Breakup

Principal 48%

Interest 52%

📅 Year-wise Amortization Schedule ▾

How is EMI Calculated?

EMI stands for Equated Monthly Instalment. It is the fixed amount you pay every month towards your loan, consisting of both principal repayment and interest.

The EMI formula is: EMI = P × r × (1+r)ⁿ / ((1+r)ⁿ - 1)

Where P = Principal, r = Monthly interest rate, n = Number of months

💡 Tips to reduce your EMI

Make a larger down payment to reduce principal
Choose a longer tenure (but you'll pay more interest)
Improve your CIBIL score to negotiate a lower rate
Add a co-applicant to increase eligibility
Compare rates across multiple lenders before deciding

EMI Calculator

Calculate Your EMI

How is EMI Calculated?

💡 Tips to reduce your EMI

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