EMI Calculator
Calculate your Equated Monthly Installment for loans
Quick Presets
Loan Details
₹25.00 L
8.5%
20 years
EMI Breakdown

Monthly EMI

₹0

for 240 months

Principal Amount

₹0

Total Interest

₹0

0% of total

Total Amount Payable

₹0

Tips for Better Loan Management

Opt for a longer tenure to reduce monthly EMI, but remember total interest increases.

Understanding EMI

What is EMI?

EMI (Equated Monthly Installment) is a fixed payment made by a borrower to a lender on a specified date each month. It includes both principal and interest components.

EMI Formula

EMI = [P × R × (1+R)^N] / [(1+R)^N - 1]

Where P = Principal, R = Monthly Interest Rate, N = Number of Months

Factors Affecting EMI

  • Interest Rate: Higher rates mean higher EMI
  • Tenure: Longer tenure reduces EMI but increases total interest
  • Principal: Higher loan amount means higher EMI