EMI Calculator
Calculate monthly EMI, total interest and complete loan repayment schedule.
₹
%
Loan Repayment Summary
Monthly EMI
₹0.00
Loan Amount
₹0.00
Total Interest
₹0.00
Total Payment
₹0.00
Number of EMIs
0
Principal vs Interest
Principal
₹0.00
Interest
₹0.00
Year-wise Repayment Schedule
| Year | Opening | Principal | Interest | Payment | Closing |
|---|
Extra / Prepayment Analysis
₹
₹
EMI Formula:
EMI = P × r × (1+r)ⁿ ÷ [(1+r)ⁿ − 1]
Where:
P = Principal Loan Amount
r = Monthly Interest Rate
n = Total Number of Monthly Payments
Example: For a ₹5,00,000 loan at 8.5% annual interest for 5 years, the calculator calculates the exact monthly EMI, total interest and total repayment.
EMI = P × r × (1+r)ⁿ ÷ [(1+r)ⁿ − 1]
Where:
P = Principal Loan Amount
r = Monthly Interest Rate
n = Total Number of Monthly Payments
Example: For a ₹5,00,000 loan at 8.5% annual interest for 5 years, the calculator calculates the exact monthly EMI, total interest and total repayment.