EMI Calculator
Calculate your Equated Monthly Installment with precise mathematical formulas. Get detailed breakdown of interest, principal, and amortization schedule.
Loan Details
Min: ₹10,000 | Max: ₹1,00,00,000
Range: 0% - 36% per annum
5 years (Range: 1-25 years)
EMI Summary
Enter values and click Calculate to see EMI breakdown
💡 EMI Tip
EMI is calculated using the declining balance method where interest is charged only on the remaining balance each month.
📈 Interest Savings
Shorter tenure means less total interest. Longer tenure means lower monthly EMI. Choose based on your cash flow needs.
🎯 Financial Health
EMI should not exceed 40% of your monthly income. Use higher income multiples for loans or credit cards.