← Back to FinLens
FinLens Calculator

EMI Calculator

Plan your home loan, car loan, or personal loan EMIs with clarity. Know exactly what you'll pay every month.

Loan Amount₹30,00,000
₹1L₹5Cr
Interest Rate (p.a.)8.5%
1%20%
Loan Tenure20 years
1 yr30 yrs
Principal
Interest
Monthly EMI₹26,035
Principal Amount₹30,00,000
Total Interest₹32,48,327
Total Payment₹62,48,327

How EMI Is Calculated

EMI is calculated using the reducing balance method:

EMI = [P × R × (1+R)^N] / [(1+R)^N - 1]
  • P = Loan principal amount
  • R = Monthly interest rate (annual rate / 12)
  • N = Total number of monthly installments