EMI Calculator
Calculate your monthly loan repayments instantly and plan your finances better.
Loan Details
₹
₹1L₹5Cr
%
6%24%
mo
1 Year15 Years
Monthly EMI
22,244₹
per month for 60 months (5 years)
Principal
₹10,00,000
Interest
₹3,34,667
Total Amount Payable
₹13,34,667
Principal74.9%
Interest25.1%
Understanding EMI Calculation
EMI (Equated Monthly Installment) is calculated using the following formula:
EMI = [P x R x (1+R)^N] / [(1+R)^N-1]
P = Principal loan amount
R = Monthly interest rate (Annual rate / 12 / 100)
N = Loan tenure in months
Note: This calculator provides an estimate. Actual EMI may vary based on processing fees, prepayment charges, and other terms. Please contact us for personalized quotes.