Financial Tools

EMI Calculator

Plan your home purchase with our easy-to-use EMI calculator. Get instant estimates for your monthly payments.

Calculate Your EMI

₹50.00 L
₹5L₹10Cr
%
5%15%
Years
1 Year30 Years

Quick Presets

Your Monthly EMI

₹43,391

for 20 years at 8.5% interest

Payment Breakdown

Principal Amount
₹50.00 L
Total Interest
₹54.14 L
Total Payment₹1.04 Cr

Pro Tips

  • • Higher down payment = Lower EMI and interest
  • • Compare rates from multiple banks before applying
  • • Consider prepayment options to save on interest
  • • Factor in additional costs like registration, GST
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How EMI is Calculated

EMI (Equated Monthly Installment) is calculated using the formula:

EMI = P × r × (1+r)n / [(1+r)n - 1]

Where:

  • P = Principal loan amount
  • r = Monthly interest rate (Annual rate / 12 / 100)
  • n = Loan tenure in months