Loan EMI Calculator
Calculate EMI, total interest and total payment for home, mortgage, car or business loans, with a year-wise repayment schedule.
How EMI is calculated
EMI = P × r × (1+r)n ÷ ((1+r)n − 1), where P is the loan amount, r is the monthly rate (annual rate ÷ 12 ÷ 100) and n is the number of months. The schedule shows how each year's payments split between principal and interest.
Frequently asked questions
Is the EMI shown here final?
It is an accurate estimate for the numbers you enter. The bank's final EMI can differ slightly because of the disbursement date, insurance or rate changes on floating loans.
How can I reduce my home loan EMI?
Choose a longer tenure, negotiate a lower rate, make part-prepayments or move the loan to a lower-rate bank.
Results are estimates for planning. Actual figures depend on the bank, your profile and the date of disbursement.
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