EMI Calculator
Calculate loan EMI with full month-by-month amortization schedule.
How to Use
- 1
Enter the loan amount
Type the principal loan amount in rupees (e.g., 5000000 for ₹50 lakhs).
- 2
Enter the interest rate
Type the annual interest rate offered by your bank (e.g., 8.5%).
- 3
Enter the loan tenure
Set the loan duration in months or years.
- 4
View EMI and amortization
See your monthly EMI, total interest payable, and a month-by-month repayment schedule.
Frequently Asked Questions
EMI is calculated using the formula: EMI = P × r × (1+r)^n / ((1+r)^n - 1), where P is the principal amount, r is the monthly interest rate, and n is the total number of months. This tool does the math for you instantly.
Financial experts recommend that your total EMIs should not exceed 40-50% of your monthly income. Keeping EMIs below this threshold ensures comfortable repayment and healthy finances.
Yes. The calculator shows a month-by-month breakdown of principal and interest components, so you can see exactly how your loan balance reduces over time.