EMI (Equated Monthly Installment) is the fixed monthly amount you pay to repay a loan over its tenure.

How is EMI calculated?

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 months.

EMI Calculator

Plan monthly EMIs for home, car or personal loans.

Loan Amount ₹25,00,000

₹

Interest Rate 8.50%

Loan Tenure 20 Yr

Years

Monthly EMI ₹0

Total Interest ₹0

Total Payment ₹0

Principal vs Interest

Yearly Amortization

Year	Principal Paid	Interest Paid	Balance

Understanding EMI

Your EMI is largely interest in the early years and mostly principal towards the end. Prepaying even one extra EMI a year can shave off multiple years from a long tenure loan.