EMI Calculator

Calculate monthly EMI, total interest paid, and create an amortization schedule for home loans, personal loans, or business loans.

Loan amount, interest rate, and tenure

Loan Principal (₹)

Loan Principal ₹0

Annual Interest Rate (%)

Tenure (Months)

For loan planning and financial advisory, consult CA Shivam

EMI (Equated Monthly Instalment) is calculated using the following formula:

EMI = P × r × (1+r)^n / ((1+r)^n - 1)

Where:

P = Principal Loan Amount

r = Monthly Interest Rate

n = Number of Monthly Payments

Compare EMIs across different interest rates and tenures to find the best option
Shorter tenures mean higher EMI but lower total interest
Longer tenures mean lower EMI but higher total interest
Always check for hidden charges like processing fees and insurance
Prepay when possible to reduce total interest burden

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