EMI Calculator
Calculate monthly EMI, total interest, and total payment for a loan.
Monthly EMI
₹16,801
Total interest
₹2,08,089
Total payment
₹10,08,089
60 months
How it works
EMI = P x R x (1 + R)^N / ((1 + R)^N - 1), where P is principal, R is monthly interest rate, and N is months.
The calculator also multiplies EMI by tenure to estimate total payment and subtracts principal to estimate interest.
Tips
- Compare shorter and longer tenures before deciding.
- Check lender fees separately because they are not included in this simple estimate.
FAQ
Is the EMI calculator exact?
It uses the standard EMI formula, but lenders may add fees, insurance, taxes, or different rounding rules.
Can I use it for Indian loans?
Yes. The calculator defaults to rupees and works well for common Indian loan examples.