Equated Monthly Installment (EMI) is the fixed payment amount made by a borrower to a lender at a specified date each calendar month.

How does the formula work?

We use the standard formula: EMI = [P x R x (1+R)^N]/[(1+R)^N-1], where P is Principal, R is monthly interest rate, and N is the number of months.

Does it apply to Home Loans and Car Loans?

Yes! This standard reducing-balance EMI calculator works for Home Loans, Car Loans, Personal Loans, and Education Loans.

होम लोन, कार लोन या पर्सनल लोन के लिए समान मासिक किस्त की गणना करें

ऋण राशि (₹)

10K2 करोड़

ब्याज दर (वार्षिक)

1%30%

ऋण की अवधि

₹0

मूलधन राशि

₹10,00,000

कुल ब्याज

₹0

कुल भुगतान (मूलधन + ब्याज)₹0