EMI Calculator
Calculate your monthly loan payments and plan your finances better
Loan Details
₹10,00,000
₹10K₹1Cr
10% p.a.
5%30%
12 Months (1 Years)
6 Months30 Years
Monthly EMI
₹0
Loan Summary
Principal Amount₹10,00,000
Total Interest₹0
Total Amount Payable₹0
Payment Breakdown
Infinity%
NaN%
Principal
Interest
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Apply for LoanHow EMI is Calculated?
EMI Formula
EMI = [P x R x (1+R)^N] / [(1+R)^N-1]
P = Principal loan amount
R = Monthly interest rate
N = Number of monthly installments
Tips to Reduce EMI
- • Choose a longer tenure to reduce monthly EMI
- • Make a higher down payment to reduce principal
- • Compare interest rates from different lenders
- • Consider part-prepayments to reduce interest burden
- • Maintain a good credit score for better rates