Advanced Financial Planning Suite
Comprehensive Loan EMI Calculator
Estimate your monthly installments, total interest costs, and repayment schedules instantly before borrowing.
5,00,000
₹25,000₹50 Lakh₹1 Crore₹2 Crore
10.5% p.a.
7.5%12%18%28%
5 Years (60 Mos)
1 Year5 Years15 Years30 Years
Calculated Monthly EMIVerified
₹10,747/ month
Fixed monthly installment across 60 months
Principal Loan Amount₹5,00,000
Total Interest Payable₹1,44,820
Total Repayment (P + I)₹6,44,820
Principal: 78%Interest: 22%
Understanding How EMI is Calculated in India
The Standard Mathematical EMI Formula
Banks and NBFCs across India use the standardized reducing balance method to calculate Equated Monthly Installments:
EMI = [P × R × (1+R)^N] / [(1+R)^N - 1]
P (Principal):The total money borrowed from the bank.
R (Monthly Interest):Annual interest rate divided by (12 × 100).
N (Tenure in Months):Total number of monthly installments.