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Business Finance

EMI Calculator

Equated monthly instalment, total interest and year-wise repayment schedule for a loan.

Result

Formula

  • EMI = P × r × (1 + r)ⁿ ÷ ((1 + r)ⁿ − 1), where r = annual rate ÷ 12 ÷ 100

Assumptions

  • Reducing balance method with monthly rests.
  • Interest rate stays constant for the tenure.
Illustrative only. This calculator shows results from the inputs and assumptions above. It is not personalised professional advice and does not consider your specific facts. Rates were last checked on 9 November 2026.