Loan EMI Calculator
Calculate your monthly loan payments with our comprehensive EMI calculator.
Calculator
Calculator Details
Enter your information to calculate results
Results
₹1,980
Monthly EMI
₹1,18,807
Total Amount
₹18,807
Total Interest
Payment Breakdown
Principal Amount
₹1,00,000Total Interest
₹18,807Interest Percentage15.8%
How It Works
The Loan EMI Calculator uses the standard EMI formula to calculate your monthly payment:
EMI = [P × R × (1+R)^N] / [(1+R)^N-1]
Where:
- P = Principal loan amount
- R = Monthly interest rate (Annual rate ÷ 12 ÷ 100)
- N = Number of monthly installments (Years × 12)
This formula helps you understand exactly how much you'll pay each month for your loan.
Examples
Example 1: Home Loan
Loan Amount: $100,000
Rate: 7% per annum
Tenure: 5 years
Monthly EMI: $1,980.12
Example 2: Personal Loan
Loan Amount: $20,000
Rate: 9% per annum
Tenure: 3 years
Monthly EMI: $636.44
Compare
Factors Affecting EMI:
- Loan Amount: Higher loan amount results in higher EMI
- Interest Rate: Higher interest rate results in higher EMI
- Loan Tenure: Longer tenure results in lower EMI but higher total interest paid
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