Loan EMI Calculator
Your Monthly EMI
₹4,339
Total Interest Payable
₹5,41,388
Total Amount Payable
₹10,41,388
Calculations are for illustrative purposes only. Consult a financial advisor for actual figures.
Understanding Your Loan EMI
EMI, or Equated Monthly Installment, is the fixed payment amount made by a borrower to a lender at a specified date each calendar month. EMIs are used to pay off both interest and principal each month so that over a specified number of years, the loan is paid off in full. Our calculator helps you determine this monthly amount.
How to Use the Calculator
- Loan Amount: Enter the total principal amount of the loan you wish to take.
- Interest Rate: Enter the annual interest rate charged by the lender.
- Loan Tenure: Input the total duration of the loan in years.
The calculator will instantly display your monthly EMI, the total interest you'll pay over the loan's lifetime, and the total amount you'll have paid by the end of the tenure.
Why Plan Your EMI?
Knowing your EMI helps you budget your monthly expenses and manage your finances effectively.
Compare loan offers from different banks by seeing how changes in interest rates and tenure affect your EMI.