Financial Tools
Interactive Loan & EMI Calculator
Accurately plan your monthly budget and loan repayments with instant interest, principal, and EMI calculations.
₹5,00,000
10.5%
36 Mo (3 Yrs)
Estimated Monthly EMI
₹16,251 / month
Principal85%
Principal Amount
₹5,00,000Total Interest Payable
₹85,036Total Amount Payable₹5,85,036
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Knowledge Hub
How EMI Calculation Works
Understanding the math behind your monthly repayment
The Standard Formula
EMI = [P x R x (1+R)^N] / [(1+R)^N - 1]
Where P is Principal loan amount, R is monthly interest rate, and N is tenure in months.
Principal vs Interest
In initial months, a higher proportion of your EMI goes toward paying interest. As the loan matures, the majority shifts toward principal repayment.
Prepayment Advantages
Making partial or full prepayments directly reduces your outstanding principal, significantly saving on overall interest costs.