Free EMI Calculator

EMI = P × r × (1+r)^n / ((1+r)^n − 1)

Where: P = Principal (loan amount), r = Monthly interest rate (annual rate / 12 / 100), n = Number of monthly installments.

Example: ₹25,00,000 at 8.5% for 20 years → EMI = ₹21,672/month.

An amortization schedule shows how each EMI payment is split between principal repayment and interest payment over the loan tenure. In the early years, most of the EMI goes toward interest. Later, more goes toward the principal.

Yes! Options include: (1) Increase tenure (lower EMI but more total interest), (2) Negotiate lower interest rate, (3) Make part-prepayment to reduce principal, (4) Transfer balance to a lower-rate lender, (5) Make higher down payment.

Home Loan: 8.25% – 9.50%
Car Loan: 8.50% – 12%
Personal Loan: 10.50% – 24%
Education Loan: 8.50% – 13%
Business Loan: 11% – 18%
Rates vary by bank, credit score, and loan amount.

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