InvGear

EMI Calculator India

Plan your loans smarter. Calculate your monthly EMI, total interest, and repayment schedule instantly.

Loan Details
₹10,00,000
8.5%
Monthly Installment

Your Monthly EMI

₹0

Principal Amount

₹10,00,000

Total Interest

₹0

Total Payment

₹0

PrincipalInterest

How is EMI Calculated?

Equated Monthly Installment (EMI) represents the fixed amount paid by a borrower to a lender at a specified date each calendar month. EMIs apply to both interest and principal each month, so that over a specified number of years, the loan is paid off in full.

EMI Formula: [P x R x (1+R)^N] / [(1+R)^N - 1]

P = Principal loan amount
R = Monthly interest rate (interest rate per annum / 12 / 100)
N = Number of monthly installments (Tenure in years * 12)