EMI Calculator
Calculate the Equated Monthly Installment for any loan — principal, interest and payment split, instantly.
Loan details
₹10.00 L
120 months
Monthly EMI
₹12,668
- Principal amount
- ₹10,00,000
- Total interest
- ₹5,20,109
- Total payment
- ₹15,20,109
Formula: EMI = P × r × (1+r)ⁿ / ((1+r)ⁿ - 1), where r is monthly rate and n is number of months.
Payment split
- Principal
- Interest
Total: ₹15.20 L
Yearly breakdown
See how each year splits between principal and interest.
How the math works
EMI = P × r × (1 + r)ⁿ / ((1 + r)ⁿ − 1)
- P
- Principal loan amount (₹)
- r
- Monthly interest rate = annual rate ÷ 12 ÷ 100
- n
- Loan tenure in months
How it works
- 1
Enter the total loan amount you plan to borrow.
- 2
Choose the annual interest rate offered by your bank or NBFC.
- 3
Set the tenure in years — shorter tenures raise EMI but reduce total interest.
- 4
CalcPe applies the reducing-balance EMI formula and shows your monthly outgo, total interest and payment split live.
A quick walkthrough
Inputs
Loan ₹10,00,000 at 9% p.a. for 10 years (120 months).
Steps
- Monthly rate r = 9 / 12 / 100 = 0.0075
- (1 + r)ⁿ = (1.0075)¹²⁰ ≈ 2.4514
- EMI = 10,00,000 × 0.0075 × 2.4514 / 1.4514
Result
EMI ≈ ₹12,668 · total interest ≈ ₹5,20,109 · total payment ≈ ₹15,20,109
Why CalcPe’s EMI Calculator
- Plan monthly cash flow before signing a loan agreement.
- Compare offers by EMI, total interest and tenure in seconds.
- Understand exactly how much of your money goes to interest.
- See the amortization schedule year-by-year.
- Works entirely in your browser — nothing you type is stored.