EMI Calculation Report

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🏦 EMI Calculator

Calculate your monthly loan installment instantly

₹10K₹1Cr
1%36%
1 Yr30 Yrs
Monthly EMI
₹0
Total Interest
₹0
Total Amount
₹0
Principal Interest
50% 50%
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Year-wise Amortization Schedule

Breakdown of principal and interest payments each year

Year Principal Paid Interest Paid Balance

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EMI FORMULA
EMI = P × r × (1+r)ⁿ
────────────────
(1+r)ⁿ - 1
P = Principal · r = Monthly rate · n = Months

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Frequently Asked Questions

What is EMI?
EMI (Equated Monthly Installment) is the fixed monthly payment you make to repay a loan. It includes both principal and interest components.
How is EMI calculated?
EMI = P × r × (1+r)ⁿ / ((1+r)ⁿ - 1), where P is the principal loan amount, r is the monthly interest rate, and n is the number of monthly installments.
Does paying extra EMI reduce interest?
Yes. Making prepayments reduces your outstanding principal, which significantly reduces total interest paid and can shorten your loan tenure.
What is a good EMI to salary ratio?
Financial experts recommend keeping total EMIs below 40-50% of your monthly take-home salary to maintain a healthy cash flow.