Loan / EMI Calculator
Estimate your monthly loan installment (EMI) and total interest cost over the loan term.
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Loan Amount (Principal)
500,000 (example)
Annual Interest Rate
10% (example)
Loan Tenure (Months)
60 (example)
Monthly EMI
10,623.52
Total Payment: 637,411.34 | Total Interest: 137,411.34
How the Loan / EMI Calculator Works
Formula: EMI = [P × r × (1 + r)ⁿ] ÷ [(1 + r)ⁿ − 1], where P is the loan principal, r is the monthly interest rate, and n is the number of monthly installments.
Using a loan amount (P) of 500,000, an annual interest rate of 10% (a monthly rate, r, of about 0.83%), and a tenure (n) of 60 months, the monthly installment works out to approximately 10,623.52. Over the full 60 months, total repayments equal about 637,411.34, of which roughly 137,411.34 is interest.
This tool is provided for general informational purposes only and does not constitute financial advice. Verify results independently before making financial decisions.