EMI Calculator
Plan your loan repayments with clarity and confidence.
₹
Total principal amount you want to borrow.
%
Annual interest rate offered by the bank.
Yr
Total duration of the loan in years.
Monthly Payment
₹ 0
Total Payment: 0
Interest
Total Interest Payable
0
Principal
Loan Amount
0
Amortization Schedule (Balance)
Amortization Schedule (Yearly)
| Year | Principal Paid | Interest Paid | Balance |
|---|
Documentation
How EMI Works
Equated Monthly Installment (EMI) is a fixed payment amount made by a borrower to a lender at a specified date each calendar month.
Reducing Balance Method
"Interest is calculated on the outstanding principal balance. As you pay, the interest component decreases."
The Math
E = P × r × (1 + r)n(1 + r)n - 1
₹ 0/month for 20 years
Where: E = EMI, P = Principal Loan Amount, r = Monthly Interest Rate, n = Tenure in Months.
Last Updated: January 2026
Disclaimer: This calculator provides estimates for educational purposes. Actual EMI may vary based on bank policies, processing fees, and other charges.