Loan EMI Calculator
Monthly EMI, total interest and total payment for any loan.
Loan details
₹
%
yrs
Enter values to see your result.
How the EMI is calculated
Your Equated Monthly Instalment uses the standard reducing-balance formula:
EMI = P × r × (1 + r)n ⁄ [ (1 + r)n − 1 ]
where P is the loan amount, r is the monthly interest rate (annual rate ÷ 12 ÷ 100) and n is the number of monthly instalments (years × 12). Total interest is the sum of all EMIs minus the principal.
Results are estimates for general guidance based on standard formulas and the inputs you provide. They are not professional or tax advice. For decisions that matter, talk to a Prime professional.