EMI Calculator
Calculate your Equated Monthly Installment (EMI) for any type of loan
Select Loan Type
Typical Bank Interest Rates
Loan Details
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The amount you want to borrow
₹ 10,000₹ 1,00,00,000
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Annual interest rate offered by the lender
4%24%
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Loan duration in years
years
0
2
3
5
0 years5 years
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Additional months for loan duration
months
0
3
6
9
0 months11 months
Total Loan Period5 Years
Loan EMI Results
₹10,00,000 at 10% for 5 years
Monthly EMI
₹0
For a loan amount of ₹10,00,000
Principal Amount
₹10,00,000
Total Interest
₹0
0% of principal
Interest Rate
10%
Annual rate (nominal)
Loan Tenure
5 Years
60 Monthly Installments
Total Amount Payable₹0
Principal: Infinity%Interest: NaN%
Year-by-Year Payment Schedule
| Year | Principal Paid | Interest Paid | Balance |
|---|---|---|---|
| Adjust loan parameters to see the payment schedule | |||
EMI Tips & Strategies
Understanding how EMIs work can help you make better financial decisions. Here are some helpful tips:
Make Prepayments
Even small prepayments can significantly reduce your total interest outgo over the loan tenure
Choose Shorter Tenure
Though EMIs are higher, you'll pay less interest overall with a shorter loan period
Compare All-In Costs
Look beyond interest rates and consider processing fees, prepayment penalties, and other charges