EMI calculator
Plan an EMI that fits your budget.
Move the sliders to see your monthly instalment, total interest and total repayment.
Your loan
₹5,000₹5,00,000
10%36%
6 months60 months
Your monthly EMI
₹4,801
- Principal amount
- ₹1,00,000
- Total interest
- ₹15,231
- Total amount payable
- ₹1,15,231
Principal 87%Interest 13%
Example values for illustration. Your actual rate, fees and EMI are set by the lender.
How EMI is calculated
EMI = P × r × (1 + r)ⁿ ÷ ((1 + r)ⁿ − 1)
- P is the loan amount
- r is the monthly interest rate (annual rate ÷ 12 ÷ 100)
- n is the number of monthly instalments
Tips
Ways to lower your EMI.
Compare offers
Rates vary between lenders. Comparing is the simplest way to find a lower EMI.
Choose tenure carefully
A longer tenure lowers your EMI but increases the total interest you pay.
Look at the APR
APR includes fees as well as interest, so it shows the true yearly cost.
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