Loan EMI & Interest Calculator
Loan Amount (₹)
Interest Rate (% Per Annum)
Loan Tenure (Years)
₹0
Monthly EMI
₹0
Total Interest
₹0
Total Payment
■ Principal Amount (0%)
■ Total Interest (0%)
Yearly Repayment Schedule
| Year | Principal Paid | Interest Paid | Balance Amount |
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Understanding Loan EMI Calculation
What is Equated Monthly Installment (EMI)? EMI is a fixed payment amount made by a borrower to a lender at a specified date each calendar month. EMIs are applied to both interest and principal each month so that over a specified number of years, the loan is fully paid off.
Formula Used: $E = P \cdot r \cdot \frac{(1 + r)^n}{(1 + r)^n – 1}$
Where P = Loan Amount, r = Monthly interest rate, and n = Total tenure in months.