Financial Planning
EMI Calculator
Calculate your monthly loan payments and plan your home purchase with precision.
Loan Details
₹1L
₹5Cr
5%
20%
1 Year
30 Years
Monthly EMI
₹41,822
This is your monthly payment for the loan
Principal
₹50,00,000
Interest
₹50,37,280
Total
₹1,00,37,280
Payment Breakdown
Principal Amount
50%
Total Interest
50%
How EMI is Calculated
EMI (Equated Monthly Installment) is calculated using the following formula:
EMI = [P × R × (1+R)^N] / [(1+R)^N - 1]
P = Principal
Total loan amount
R = Rate
Monthly interest rate (Annual Rate / 12 / 100)
N = Tenure
Total months (Years × 12)
Example: For a loan of ₹50,00,000 at 8.5% interest for 20 years:
- Monthly Interest Rate (R) = 8.5 / 12 / 100 = 0.00708
- Total Months (N) = 20 × 12 = 240
- EMI = [5000000 × 0.00708 × (1.00708)^240] / [(1.00708)^240 - 1]
- EMI ≈ ₹41,822 per month