EMI Calculator
Monthly instalment, total interest & repayment — updates instantly
Repayment Summary
Monthly EMI
₹0
Principal
₹0
Total Interest
₹0
Principal 100%
Interest 0%
Total Amount Payable
₹0
₹
₹10,000₹10 Cr
% p.a.
1%30%
1 Year30 Years
How is EMI calculated?
EMI = P × r × (1+r)^n / ((1+r)^n − 1) — where P is the loan amount, r is the monthly rate (annual ÷ 12), and n is the total months. This is the reducing balance method used by all scheduled Indian banks.
Tips to reduce total interest
Make part-prepayments when possible — even one extra EMI per year significantly reduces total interest. Shorter tenure always means less interest paid overall, even though monthly EMI is higher.