EMI Calculator
Works out your monthly EMI and the total cost of the loan.
Monthly EMI
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Share sends a link that reopens these numbers. Copy details pastes the full breakdown as a list.
Total interest —
Total payment —
Interest as % of total — %
Year by year
The formula
EMI = P × r × (1 + r)^n ÷ ((1 + r)^n − 1)
r is the monthly rate and n the number of months. The instalment stays level while the split between interest and principal shifts.
What to watch out for
Processing fees and insurance are extra. For a floating rate, this is the EMI at today’s rate only.
Frequently Asked Questions
What is the EMI on 10 lakh at 9% for 20 years?
8,997.26 a month, with 1,159,342.29 in total interest.
Does a prepayment reduce EMI or tenure?
Either, depending on the lender. Reducing the tenure usually saves more interest. The extra payment calculator shows the effect.