EMI Calculator

Monthly EMI, total interest and a month-by-month schedule.

Loan details

Loan amount (₹) Interest rate (% per year) Tenure

Result

Enter loan details.

Amortisation schedule

Month	EMI	Principal	Interest	Balance

Assumptions

Standard reducing-balance formula: EMI = P × r × (1 + r)ⁿ ÷ ((1 + r)ⁿ − 1), where r is the annual rate ÷ 12 ÷ 100 (monthly compounding), n is the number of months and EMIs are paid at the end of each month. A 0% loan is P ÷ n. Fees, insurance and rate changes are not included. Results are estimates, not a bank offer.