Enter your loan amount, interest rate and tenure to see the monthly installment and total interest instantly.
Enter the loan amount, the annual interest rate offered by your bank, and the repayment tenure in years. The monthly EMI, total interest and total repayment amount update instantly as you adjust any value.
EMI is calculated using the standard reducing-balance formula: EMI = P × r × (1+r)ⁿ / ((1+r)ⁿ − 1), where P is principal, r is the monthly interest rate, and n is the number of months.
This gives a close standard estimate. Actual EMI may vary slightly depending on your bank's specific calculation method, processing fees, or rounding rules.
It shows what portion of your total repayment is the original loan amount (principal) versus the extra cost of borrowing (interest).