EMI calculator
Calculate your loan EMI instantly. Free, private (runs in your browser), 45+ currencies.
Loan amount
Interest rate (yearly)
%
Tenure
years
Currency
Monthly EMI
₹10,624
Total interest
₹1,37,411
Total payment
₹6,37,411
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How is EMI calculated?
EMI = P × r × (1+r)^n ÷ ((1+r)^n − 1), where P is the loan amount, r is the monthly interest rate (yearly rate ÷ 12 ÷ 100) and n is the number of months.
Does prepaying reduce interest?
Yes. Early EMIs are mostly interest, so prepayments in the first years cut total interest the most.
What EMI is affordable?
Keep all EMIs together under about 35–40% of your take-home income so there's room for savings and emergencies.
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