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EMI Calculator

Monthly payment for a reducing-balance loan. Indicative only.

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EMI

₹43,391.16

Total payment

₹1,04,13,878.8

Total interest

₹54,13,878.8

Formula: EMI = P × r × (1 + r)n ÷ ((1 + r)n − 1), r = monthly rate.

How it works

EMI = P × r × (1 + r)ⁿ ÷ ((1 + r)ⁿ − 1), where P = principal, r = monthly rate (annual ÷ 12 ÷ 100), n = tenure in months.

Example

₹50,00,000 at 8.5% p.a. for 20 years (240 months) → EMI ≈ ₹43,391; total interest ≈ ₹54,13,840.

Frequently asked questions

Is this reducing balance or flat rate?
This tool uses the standard reducing-balance (amortizing) formula used by most banks in India.
Does it include processing fees or insurance?
No. Add those separately if your lender bundles them into the loan.

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Results are indicative only and not financial, tax, or medical advice. Verify important decisions with qualified professionals or official sources.