Calculate the monthly EMI, total interest and total payable on any loan.
Estimate the monthly instalment for any loan. Enter the loan amount, annual interest rate and tenure to see your EMI, the total interest you will pay, and the total repayment.
EMI = P × r × (1+r)^n ÷ ((1+r)^n − 1), where P is the principal, r is the monthly interest rate and n is the number of months.
Yes — a longer tenure lowers the monthly EMI but increases the total interest you pay over the life of the loan.