EMI Calculator
Calculate your monthly EMI, total interest and payment schedule instantly.
Monthly EMI
₹10,747
Total Interest—
Total Payment—
How EMI is Calculated
EMI (Equated Monthly Instalment) is calculated using the formula:
EMI = P × R × (1+R)ⁿ / ((1+R)ⁿ − 1)
Where P is the loan amount (principal), R is the monthly interest rate (annual rate ÷ 12 ÷ 100), and n is the total number of monthly instalments.