EMI Calculator
Calculate your Equated Monthly Installment (EMI) for home loans, car loans, or personal loans. Plan your finances better.
Loan Details
₹1L₹10,00,000₹1Cr
5%8.5% p.a.20%
1 year20 years30 years
EMI Summary
Monthly EMI
₹8,678
Principal Amount
₹10,00,000
Total Interest
₹10,82,776
Total Amount Payable
₹20,82,776
Payment Breakdown
48%
52%
💰 Principal📈 Interest
What is EMI?
Equated Monthly Installment (EMI) is a fixed payment amount made by a borrower to a lender on a specified date each calendar month. EMIs are used to pay off both interest and principal each month, so that over a specified period, the loan is fully paid off.
Factors Affecting EMI
💵
Loan Amount
Higher loan amount = Higher EMI
📊
Interest Rate
Higher rate = Higher EMI
⏰
Loan Tenure
Longer tenure = Lower EMI