Estimate Calculations
Adjust desired amounts, rates, and terms across Home, Personal, and Business loans to project precise monthly commitments.
Amortization Graph
How EMI Is Calculated
The Equated Monthly Instalment (EMI) uses a reducing-balance formula — each payment covers both interest and a portion of the principal, so the outstanding balance shrinks with every EMI paid.
Standard EMI Formula
Principal
The original loan amount borrowed
Monthly Rate
Annual interest rate ÷ 12 ÷ 100
Tenor (months)
Total number of monthly instalments
Worked Example — Current Values
Key Factors That Affect EMI
Higher principal → Higher EMI
Borrow only what you need to keep payments manageable
Higher interest rate → Higher EMI
Even a 0.5% difference can save lakhs over the tenure
Longer tenure → Lower EMI, more total interest
Shorter tenure reduces total cost significantly