Monthly EMI
₹13,493
Principal Amount
₹10,00,000
Total Interest
₹6,19,220
Total Amount
₹16,19,220
Loan Tenure
10 Years
Calculate EMI for Home Loan, Car Loan & Personal Loan
₹10,00,000
₹6,19,220
₹16,19,220
10 Years
| Year | Principal (₹) | Interest (₹) | Total Payment (₹) | Balance (₹) |
|---|
Equated Monthly Installment (EMI) is the amount payable every month to the bank or financial institution until the loan amount is fully paid off. It consists of the interest on the loan as well as part of the principal amount to be repaid.
EMI = [P × R × (1+R)^N] / [(1+R)^N - 1]
Where:
1. Select Loan Type: Choose between Home Loan, Car Loan, or Personal Loan
2. Enter Loan Amount: Use the slider or type the principal amount you wish to borrow
3. Set Interest Rate: Adjust the annual interest rate percentage
4. Choose Tenure: Select the loan repayment period in years
5. View Results: Instantly see your monthly EMI, total interest, and payment breakdown
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• Payment Schedule: View year-wise payment details