EMI Calculator
Monthly loan payment
Monthly EMI
₹21,696
- Loan amount
- ₹25,00,000
- Total interest
- ₹27,06,939
- Total payment
- ₹52,06,939
- Tenure
- 240 months
Estimates only. Actual figures may vary with your bank, fund or policy.
How it worksEMI = P × r × (1+r)ⁿ ÷ ((1+r)ⁿ − 1), where r is the monthly rate and n the number of months.
FAQs
How is EMI calculated?
EMI = P × r × (1+r)ⁿ ÷ ((1+r)ⁿ − 1), where P is the loan amount, r is the monthly interest rate and n is the number of months.
Does a longer tenure reduce EMI?
Yes, a longer tenure lowers the monthly EMI, but you pay much more interest in total over the life of the loan.
Can I use this for home, car and personal loans?
Yes. The EMI formula is the same for all reducing-balance loans. Just enter the right amount, rate and tenure.