Know your EMI
EMI Calculator
Calculate your Equated Monthly Instalment using the reducing-balance method. Adjust the amount, interest rate and tenure to plan your loan.
Reducing-balance method · no impact on your scoreCalculate your Personal Loan EMI
₹5,00,000
₹50,000₹40,00,000
10.5%
9%30%
3 yr
1 yr7 yr
Monthly EMI
₹16,251
Principal Interest
Principal amount₹5,00,000
Total interest₹85,044
Total payment₹5,85,044
What is EMI?
EMI (Equated Monthly Instalment) is the fixed amount you pay each month to repay your loan over its tenure — part principal, part interest.
How is EMI calculated?
EMI = P × r × (1+r)^n / ((1+r)^n − 1), where P is the principal, r the monthly interest rate, and n the number of months. We use the reducing-balance method.
What affects your EMI?
Your EMI rises with a higher loan amount or interest rate, and falls with a longer tenure — but a longer tenure means more total interest paid.
