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Free Online Calculator
EMI Calculator
Calculate your Equated Monthly Instalment, total interest, and total repayment for a fixed-rate loan in seconds.
Loan Details
Enter the principal amount, annual interest rate, and loan tenure.
₹
8.5%
0%
12.5%
25%
10 years
1 year
15 years
30 years
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Formula: EMI = P × r × (1 + r)n ÷ ((1 + r)n − 1), where P is principal, r is monthly interest rate, and n is the number of monthly payments.
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EMI Summary
Your estimated monthly repayment
Equated Monthly Instalment
₹12,398.03
payable every month
₹10,00,000.00
Principal
₹4,87,764.00
Total Interest
₹14,87,764.00
Total Payment
Principal vs Interest
32.8% interest
Principal
Interest
Monthly EMI
₹12,398.03
Monthly Interest — first month
₹7,083.33
First Month Principal
₹5,314.70
120
Monthly Payments
8.5%
Annual Rate
Calculation
₹10,00,000 at 8.5% for 10 years = ₹12,398.03/month
Monthly EMI
Your EMI combines a portion of the principal and interest into one regular monthly payment.
Interest Breakdown
See how much interest you may pay in addition to the original amount borrowed.
Instant Estimates
Adjust the amount, rate, or tenure and instantly see the updated EMI and repayment totals.
EMI Planning Guide
General considerations when comparing loan repayment options.
Higher Down Payment
Borrowing less can reduce the EMI and the total interest paid over the loan term.
Shorter Tenure
A shorter repayment period can increase the EMI while reducing total interest.
Compare Rates
Even a small change in the annual interest rate can make a meaningful difference over time.
EMI calculated