EMI Calculator
Calculate your Equated Monthly Installment for home loans, car loans, or personal loans.
Monthly EMI
₹8,678
Total Payment
₹2,082,776
Total Interest
₹1,082,776
Payment Breakdown
Principal: 48.0%Interest: 52.0%
What is EMI?
EMI (Equated Monthly Installment) is the fixed payment amount a borrower makes to a lender on a specified date each month. EMIs consist of both principal and interest components.
EMI Formula
EMI = P × r × (1 + r)^n / ((1 + r)^n − 1), where P is the principal, r is the monthly interest rate, and n is the number of monthly installments.