EMI Calculator

Loan Amount

Enter value between 25K and 10 Cr
25K 10 Crore

Tenure (Years)

Enter value between 1 and 30
1 30

Interest Rate (% P.A)

Enter value between 1 and 20
%
1 20
Monthly EMI
17,761
Principal Amount
16,00,000
Interest Amount
₹ 9,57,568
Total Payment
₹25,57,568

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Use Online EMI Calculator and get the EMI Amount Instantly

What Is an EMI Calculator?

What Is the Formula for Calculation of EMI?

Example of Calculation of EMI

Inputs

Values

Personal Loan

₹10,00,000

Interest Rate

12%

Loan Tenure

4 years

Enter these details in respective boxes to know your EMI amount. The calculator will show the following details.

Outputs

Values

Monthly EMI

₹26,334

Total Interest Amount

₹2,64,032

Total Repayment

₹12,64,032

Note: Besides a compound interest EMI calculator, simple interest EMI calculators are also available online.

There are certain types of EMI calculators that follow a different computing method. Usually, loans are repaid in EMIs where borrowers pay some portion of principal and some portion of interest. As years pass by, the outstanding balance gets reduced, and interest is levied on the remaining balance.

This is called a reducing the rate of interest calculator or reducing balance EMI calculator. Using this, individuals who have taken reducing balance loans can calculate EMI and the amount they have saved on total interest. This calculator uses a method where interest reduces after each EMI is paid as the outstanding balance decreases with each payment of EMI.

What Are the Benefits of an EMI Calculator?

What Are the Components of EMI?

What Are the Factors Affecting EMI?

Frequently Asked Questions