EMI Calculator
Calculate monthly EMI for home, car, and personal loans with detailed amortization schedule
Loan Details
₹
% p.a.
months
EMI Breakdown
Monthly EMI
₹21,696
Total Interest
₹27,06,939
Total Payment
₹52,06,939
EMI₹21,696
Principal (48%)
Interest (52%)
Amortization Schedule
How EMI is Calculated
EMI (Equated Monthly Installment) is calculated using the formula:
EMI = P × r × (1+r)ⁿ / ((1+r)ⁿ - 1)
- P = Principal loan amount
- r = Monthly interest rate (annual rate / 12 / 100)
- n = Loan tenure in months