EMI Calculator

Calculate monthly EMI for home, car or personal loans instantly. Free, no sign-up.

Loan Amount: ₹500,000

Annual Rate: 10%

Tenure: 60 months

Monthly EMI

₹10,624

Principal

₹500,000

Total Interest

₹137,440

Total Amount

₹637,440

FAQ

What is EMI?▼

EMI (Equated Monthly Installment) is a fixed payment made to a lender each month.

How is EMI calculated?▼

EMI = P × R × (1+R)^N / ((1+R)^N - 1) where P=Principal, R=Monthly Rate, N=Months.

Is this calculator free?▼

Yes, 100% free. No sign-up required.