See your exact monthly instalment, total interest paid, and a full month-by-month amortization schedule — instantly.
Monthly EMI
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Quick answers about EMIs, interest and amortization.
An EMI calculator estimates the fixed monthly amount you must pay to repay a loan. Enter your loan amount, annual interest rate, and tenure — it applies the standard EMI formula and shows your payment, total interest, and full amortization schedule.
EMI = [P × r × (1+r)^n] / [(1+r)^n − 1], where P is principal, r is the monthly rate (annual ÷ 12), and n is total months. Our calculator uses this exact formula and generates a month-by-month breakdown.
An amortization schedule shows how each EMI splits between principal and interest month by month. Early EMIs are mostly interest; as the loan ages the principal component grows and your outstanding balance falls.
Yes — longer tenure means a lower EMI but significantly more total interest paid. Use the slider to compare tenures and find the right balance between an affordable monthly payment and minimising interest cost.