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EMI Calculator

Calculate your monthly loan EMI instantly. Works for home loans, car loans, personal loans, and more.

Loan Details

₹
₹50K₹5 Cr
%
1%30%
1360 months

Quick Presets:

EMI Breakdown

Monthly EMI

₹87,916

Principal

₹10.00 L

Interest

₹54,991

Total Payment

₹10.55 L

Duration

12 months

Payment Breakdown
Principal (95%)Interest (5%)

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Understanding EMI

What is EMI?

EMI (Equated Monthly Installment) is a fixed payment made by a borrower to a lender at a specified date each month.

How is EMI Calculated?

EMI = P × r × (1 + r)^n / ((1 + r)^n - 1), where P = Principal, r = Monthly interest rate, n = Number of months.

Factors Affecting EMI

Three main factors: loan amount (higher amount = higher EMI), interest rate, and loan tenure.

Prepayment Benefits

Making prepayments reduces total interest paid and can shorten your loan tenure significantly.