EMI Calculator
Calculate your monthly EMI for any loan — Home, Personal, Car, Education. Includes amortization schedule, prepayment tips, interest breakdown, and rate comparison.
EMI Calculator
Monthly EMI
₹17,356
Principal
₹20.00 L
Interest
₹21.66 L
Total
₹41.66 L
Prepayment Tip
Pay just ₹1,736 extra/month (10% of EMI) and save ₹5.00 L in interest. Your loan will close 4 years 0 months earlier!
Principal vs Interest Breakdown (Yearly)
EMI at Different Interest Rates
7%
₹15,506
Int: ₹17.21 L
8%
₹16,729
Int: ₹20.15 L
9%
₹17,995
Int: ₹23.19 L
10%
₹19,300
Int: ₹26.32 L
11%
₹20,644
Int: ₹29.55 L
12%
₹22,022
Int: ₹32.85 L
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What is EMI?
EMI (Equated Monthly Installment) is a fixed payment amount made by a borrower to a lender at a specified date each calendar month. EMIs consist of both principal and interest components.
In the early years of a loan, a larger portion of EMI goes towards interest. As the loan matures, a greater share goes towards principal repayment.
EMI Formula
EMI = P × r × (1 + r)^n / ((1 + r)^n - 1), where P = Principal amount, r = Monthly interest rate (annual rate / 12 / 100), n = Total number of monthly installments.
Features
- Slider inputs for easy adjustment
- Principal vs Interest pie chart
- Yearly amortization bar chart
- Rate comparison across 7-12%
- Prepayment savings calculator
- Detailed yearly amortization schedule
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