Loan EMI Calculator
Enter the loan amount, annual interest rate and tenure to see your equated monthly instalment, the total interest you will pay, and the total amount repayable.
Monthly EMI
₹14,771
over 180 months
₹15,00,000
Principal
₹11,58,797
Total interest
₹26,58,797
Total payable
Interest makes up 43.6% of everything you repay.
Frequently asked questions
- What formula is used?
- The standard reducing-balance EMI formula: EMI = P × r × (1+r)^n ÷ ((1+r)^n − 1), where P is the principal, r is the monthly interest rate, and n is the number of months.
- Does this include processing fees or insurance?
- No. The result covers principal and interest only. Lenders may add processing charges, documentation fees or insurance premiums on top.
- Why does a longer tenure cost more overall?
- A longer tenure lowers the monthly instalment but keeps the balance outstanding for more months, so total interest paid rises even though the rate is unchanged.
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