Free tool · Loans
EMI Calculator
Calculate the EMI for a home, car, personal or business loan — with the total interest and total payment, and a principal-vs-interest split. Reducing-balance method.
Monthly EMI
₹10,143
- Principal
- ₹10,00,000
- Total interest
- ₹8,25,680
- Total payment
- ₹18,25,680
Blue = principal · amber = interest
Frequently asked questions
How is EMI calculated?
EMI = P × r × (1+r)^n ÷ ((1+r)^n − 1), where P is the principal, r the monthly interest rate and n the number of months. This is the standard reducing-balance formula banks use.
Does it show total interest?
Yes — it shows the monthly EMI, the total interest over the tenure, the total amount payable, and a bar splitting principal vs interest.
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