EMI Calculator
Calculate your loan EMI for home loan, car loan, or personal loan.
₹
₹10,000
₹10,00,00,000
%
1%
30%
1 Yr
30 Yr
Monthly EMI
₹43,391
Monthly EMI
₹43,391
Principal Amount
₹50,00,000
Total Interest
₹54,13,838
Total Payment
₹1,04,13,838
Amortization Schedule
| Year | Principal | Interest | Balance |
|---|
EMI Formula
EMI = [P × R × (1+R)N] / [(1+R)N – 1]
EMI = Equated Monthly Installment
P = Principal Loan Amount
R = Monthly Interest Rate (Annual Rate / 12)
N = Number of Monthly Installments
Current Interest Rates
🏠 Home Loan
8.5% - 9.5%
🚗 Car Loan
9% - 12%
💳 Personal Loan
10% - 18%
📚 Education Loan
8% - 11%
*Rates may vary by bank and credit profile.
💡 EMI Tips
- • Keep EMI under 40% of your monthly income
- • Higher down payment = Lower EMI
- • Shorter tenure = Less total interest
- • Compare rates from multiple banks
- • Consider prepayment to save interest