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🏠 EMI Calculator
Calculate your loan EMI and total interest payable
Monthly EMI
₹0
Total Interest Payable
₹0
Total Amount Payable
₹0
📌 How it works: EMI = [P × r × (1+r)^n] / [(1+r)^n – 1]. Where P = Principal, r = Monthly rate, n = Number of months
HOW TO USE – Step by Step:
Step 1: Enter Loan Amount
- Field Name: “Loan Amount (₹)”
- Input Range: Minimum ₹10,000
- Example: Taking ₹20,00,000 home loan, enter
2000000 - Tips:
- For home loan: Total property cost – down payment
- For auto: Car price – down payment
- For personal: Amount borrowed from bank
Step 2: Enter Interest Rate
- Field Name: “Rate of Interest (% p.a.)”
- Input Range: 1% to 20% per annum
- Current Rates (2024-25):
- Home Loan: 6.5% – 8.5%
- Personal Loan: 10% – 15%
- Auto Loan: 7% – 10%
- Example: Home loan at 6.5%, enter
6.5 - Note: Rates change with market – ask your bank
Step 3: Enter Loan Duration
- Field Name: “Loan Duration (Years)”
- Input Range: 1 to 30 years
- Common Durations:
- Home Loan: 20 years
- Personal Loan: 5 years
- Auto Loan: 7 years
- Example: 20-year home loan, enter
20
Step 4: Click “Calculate” Button
- Get instant EMI breakdown