EMI Calculator
Instant EMI, total interest & amortisation breakdown
Frequently Asked Questions
EMI = P × r × (1+r)^n / ((1+r)^n − 1), where P = principal, r = monthly rate, n = number of months.
Prepaying the loan reduces outstanding principal, which reduces the total interest. You can either reduce EMI amount or reduce loan tenure.
Total cost = EMI × tenure in months. The difference between total cost and principal is the total interest paid. This calculator shows you both.
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