🏦 EMI Calculator
Calculate your monthly loan EMI for home, car, or personal loans instantly.
Inputs
₹
%
yr
Results
Monthly EMI
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Principal
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Total Interest
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Total Payment
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How EMI Formula Works
r = rate / 100 / 12 n = years * 12 emi = (principal * r * Math.pow(1 + r, n)) / (Math.pow(1 + r, n) - 1) totalPayment = emi * n totalInterest = totalPayment - principal
Amortization Schedule
| Year | PrincipalPrincipal Paid | InterestInterest Paid | BalanceBalance Remaining |
|---|
FAQs
What is EMI? ⌄
EMI (Equated Monthly Instalment) is a fixed monthly payment to a lender that includes both principal repayment and interest.
How is EMI calculated? ⌄
EMI = [P × R × (1+R)^N] / [(1+R)^N - 1], where P is principal, R is monthly interest rate, N is number of instalments.
How can I reduce my EMI? ⌄
Make a larger down payment, choose a longer tenure, negotiate a lower rate, or prepay part of the principal periodically.