Loan Details
Enter your loan amount, interest rate, and tenure to calculate EMI
₹50K₹10,00,000₹1Cr
1%8.5% per annum30%
1 Year20 Years (240 months)30 Years
₹8,678
Monthly EMI Amount
Payment Breakdown
Principal Amount:₹10,00,000
Total Interest:₹10,82,776
Total Amount:₹20,82,776
Amount Distribution
Principal48.0%
Interest52.0%
About EMI Calculator
What is EMI?
EMI (Equated Monthly Installment) is the fixed amount you pay to the lender every month to repay your loan. It consists of both principal and interest components.
EMI Formula
EMI = P × r × (1 + r)^n / ((1 + r)^n - 1)
Where P = Principal, r = Monthly interest rate, n = Number of months
Factors Affecting EMI
- Loan Amount: Higher loan amount = Higher EMI
- Interest Rate: Higher rate = Higher EMI
- Loan Tenure: Longer tenure = Lower EMI (but more total interest)
- Credit Score: Better score may get you lower interest rates