Know Your EMI
EMI Calculator
EMI (Equated Monthly Instalment) is calculated using the reducing balance method. Plan your loan with accurate monthly payment estimates.
Calculate Your Personal Loan EMI
Select Your Bank
HDFC Bank
ICICI Bank
Axis Bank
Kotak Mahindra
SBI
IDBI
₹ 500,000
₹50K₹50L
10.5%
8%30%
3
1Yr10Yrs
Your Monthly EMI Payment
₹ 16,251
Principal Amount₹ 500,000
Interest Amount₹ 85,044
Processing Fee (est.)₹ 5,000
Total Interest Payable₹ 85,044
Total Payment₹ 590,044
What is EMI?
EMI stands for Equated Monthly Instalment. It is the fixed amount you pay every month to repay your loan over a specified tenure.
How is EMI Calculated?
EMI is calculated using the reducing balance method. As you pay each instalment, the principal amount reduces, and the interest is calculated on the remaining balance.
Factors Affecting Your EMI
Your EMI depends on the loan amount, interest rate, and tenure. A higher loan amount or interest rate increases your EMI, while a longer tenure reduces it.
