EMI Calculator – Equated Monthly Installment
Calculate your loan EMI and payment schedule
₹
%
Loan Summary
Monthly EMI
₹10,260
Total Interest
₹1,15,600
Principal Amount
₹5,00,000
Total Payment
₹6,15,600
Interest Percentage
23.1%
Loan Tenure
5 Years (60 Months)
Amortization Schedule (First 12 Months)
| Month | EMI | Principal | Interest | Balance |
|---|
* EMI calculation is based on the formula: EMI = [P x R x (1+R)^N]/[(1+R)^N-1]
where P = Principal, R = Monthly Interest Rate, N = Loan Tenure in Months
Actual EMI may vary based on bank policies and processing fees.
where P = Principal, R = Monthly Interest Rate, N = Loan Tenure in Months
Actual EMI may vary based on bank policies and processing fees.
