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Quick estimates for premiums, investments and loans.

IRDAI Licence No. 1135 · Direct Broker (Life & General)

EMI calculator

Work out the monthly instalment for any loan.

Loan amount₹10,00,000
Interest rate (per year)10.00%
5 years
Your monthly EMI₹21,247for 60 months
Principal · 78.4%
₹10,00,000
Total interest · 21.6%
₹2,74,823
Total payment₹12,74,823
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Results are estimates using a fixed rate and equal monthly instalments. Loans are offered by our lending partners and are subject to their eligibility criteria, terms and approval. [LENDING PARTNER DISCLOSURE]

How EMI is calculated

EMI = P × r × (1+r)ⁿ ÷ ((1+r)ⁿ − 1)

P is the loan amount, r is the monthly rate (yearly rate ÷ 12 ÷ 100) and n is the number of monthly instalments.

Assumptions

  • Fixed interest rate for the whole tenure.
  • Equal monthly instalments on a reducing balance.
  • Excludes processing fees and charges.

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