EMI Calculator
Calculate your monthly loan EMI and plan your finances better
₹ Loan Details
₹1L
₹10,00,000
₹1Cr
5%
8.5%
20%
1 Year
18 Years
30 Years
Monthly EMI
₹9,055
Total Amount
₹19,55,788
Total Interest
₹9,55,788
Payment Breakdown
Principal
Interest
Outstanding Balance Over Time
Understanding Your EMI
EMI Formula
EMI = [P × R × (1+R)^N] / [(1+R)^N-1] where P is principal, R is monthly interest rate, N is tenure in months
Lower Interest Tips
Maintain good credit score, compare rates, consider shorter tenure, and make prepayments when possible
Smart Planning
Keep EMI under 40% of monthly income, factor in other expenses, and maintain emergency fund
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