EMI Calculator
Calculate your loan EMI and understand the complete breakdown of your payments.
Payment Breakdown
Loan Summary
Monthly EMI
₹ 9,650
Principal Amount
₹ 10,00,000
Total Interest
₹ 13,16,000
Total Amount
₹ 23,16,000
How It Works
Our EMI (Equated Monthly Installment) calculator is a powerful financial tool that helps you calculate your monthly loan payments with precision. It uses the standard EMI formula:
EMI = [P x R x (1+R)^N]/[(1+R)^(N-1)]
Where:
- P represents the Principal loan amount you wish to borrow
- R is the monthly interest rate (calculated as annual rate ÷ 12 ÷ 100)
- N is the total number of months for loan repayment
This loan EMI calculator provides instant, real-time updates as you adjust the values using either the input fields or sliders. Whether you're planning a home loan, car loan, personal loan, or business loan, our calculator helps you make informed financial decisions by showing both the monthly payment amount and the complete breakdown of principal and interest components.
Key features of our EMI calculator include:
- Multiple currency support (INR, USD, EUR)
- Visual payment breakdown chart
- Detailed loan summary with total interest and amount payable
- Interactive sliders for easy calculation
Use this calculator to plan your loan better and understand your financial commitments before taking a loan.