Your EMI Breakdown
Monthly EMI
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Total Interest
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Total Payment
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Principal Amount
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Calculate your Equated Monthly Instalment (EMI) for any loan — home, car, or personal. Instant results, no sign-up needed.
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EMI = [P × R × (1+R)^N] / [(1+R)^N – 1], where P is the principal loan amount, R is the monthly interest rate (annual rate ÷ 12 ÷ 100), and N is the number of monthly instalments. This formula is the standard method used by all banks and NBFCs in India.