Free EMI Calculator
Calculate your loan EMI quickly and accurately
Plan your finances with detailed breakdowns
Loan Details
EMI Details
Monthly EMI Amount
₹8,678
Principal Amount₹10,00,000
Total Interest₹10,82,776
Total Payment₹20,82,776
Interest as % of Principal108.28%
Payment Breakdown
Principal: 48.0%Interest: 108.3%
Loan Summary
• Loan Amount: ₹10,00,000
• Interest Rate: 8.5% per annum
• Tenure: 20 years
• Total Payments: 240 months
Frequently Asked Questions
An EMI (Equated Monthly Installment) calculator is a tool that helps you determine the monthly amount you need to pay towards your loan repayment based on the principal, interest rate, and tenure.
EMI is calculated using the formula: [P x R x (1+R)^N]/[(1+R)^N-1], where P is Principal, R is monthly interest rate, and N is the number of monthly installments.
Yes, our EMI calculator is versatile and can be used to calculate monthly installments for any type of reducing balance loan, including home, car, and personal loans.
Yes, our EMI calculator is 100% free to use, and you can perform as many calculations as you need without any restrictions.