Enter your loan details below to instantly calculate your Equated Monthly Instalment (EMI) and view the full repayment schedule.
EMI stands for Equated Monthly Instalment — a fixed amount you pay your lender every month on a set date until the loan is fully repaid. Each EMI covers a portion of the principal and interest.
In the early months, a larger share of your EMI goes toward interest. As time passes, more of your payment reduces the principal — this is how the reducing-balance method works.
EMI Formula (Reducing Balance Method):
P = Principal | r = Monthly rate | n = Tenure (months)
Step 1: Select your loan type — Home Loan, Personal Loan, or Business Loan.
Step 2: Enter the loan amount you wish to borrow.
Step 3: Enter the annual interest rate offered by your lender.
Step 4: Set your repayment tenure in years or months.
Step 5: Your EMI, total interest, and year-wise schedule are calculated instantly.
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