EMI Calculator
Calculate your monthly loan payment
₹1L
₹5Cr
3%
15%
1 Year
30 Years
Monthly EMI
₹41,822
Payment Breakdown
Principal Amount
₹50,00,000
Total Interest
₹50,37,280
Total Amount
₹1,00,37,280
Principal vs Interest Distribution
Principal
Interest
How is EMI Calculated?
EMI (Equated Monthly Installment) is calculated using the formula:
EMI = [P × R × (1+R)^N] / [(1+R)^N-1]
- P = Principal loan amount
- R = Monthly interest rate (Annual Rate / 12 / 100)
- N = Number of monthly installments (Years × 12)