EMI Calculator
Calculate your monthly loan EMI and total interest.
Inputs
₹
10.5 %
125
5 years
130
Results
Monthly EMI
₹10,746.95
Principal
₹5,00,000
Total Interest
₹1,44,817.01
Total Payment
₹6,44,817.01
Principal
Interest
EMI = P × r × (1+r)ⁿ / ((1+r)ⁿ − 1)
For a loan of ₹5,00,000 at 10.5% p.a. over 5 years, you'll pay this fixed amount every month.
Frequently Asked Questions
What is EMI?
EMI (Equated Monthly Installment) is the fixed amount you pay every month towards your loan, covering both principal and interest.
Does prepayment reduce EMI?
Prepayment typically reduces your tenure or EMI, depending on the option you choose with your lender.