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EMI Calculator

20 Lakh
10L
5Cr
10Cr
15Cr
20Cr
25Cr
30Cr
%
1%
5%
10%
15%
20%
25%
30%
Year
Month
Yr
1Yr
5Yr
10Yr
15Yr
20Yr
25Yr
30Yr
Principal Amount: ₹ 20,00,000
Interest Amount: ₹ 3,76,144
Monthly EMI
₹39,602
Principal Amount
₹20,00,000
Total Interest
₹3,76,144
Total Amount
₹23,76,144

Loan Payment Schedule


📄 How does our EMI calculator work?


An EMI (Equated Monthly Installment) calculator helps you determine the monthly payment amount for a loan, based on the loan amount, interest rate, and repayment tenure. It uses a standard mathematical formula to divide the total loan amount into equal installments, factoring in the interest rate and duration of the loan.

📋 Formulae


EMI = [P x R x (1+R)^N] / [(1+R)^N - 1]

Where:

  • P: Loan amount
  • R: Monthly interest rate (ROI/12)
  • N: Tenure in months

💰 What is Property Tax?


Property tax is an annual tax paid by property owners to the local government or municipal corporation. It is based on the value of the property and funds public services like schools, roads, and parks.

🗓️ What is Amortization or Loan Schedule?


An Amortization Schedule is a detailed table showing the breakdown of loan payments into principal and interest. It helps visualize how your loan balance decreases with each payment and the total interest paid over the loan's term.