EMI Calculator
Estimate your monthly loan repayment, the total interest you would pay, and the total repayment amount before you borrow.
Monthly EMI
₹12,668
Total Interest
₹5,20,109
Total Payment
₹15,20,109
Based on the reducing-balance method. Actual bank terms, fees, and taxes may vary.
How it is calculated
EMI = P × r × (1 + r)^n / ((1 + r)^n − 1)
P is the loan principal, r is the monthly interest rate (annual rate ÷ 12), and n is the tenure in months. Each EMI contains both interest and principal, split by the reducing-balance method.
Example
A loan of ₹10,00,000 at 9% annual interest for 10 years works out to an estimated EMI of about ₹12,668 per month, with total interest of roughly ₹5.2 lakh over the tenure.
Important notes
- Based on the reducing-balance method commonly used by lenders.
- Processing fees, insurance, and taxes are not included.
- Use this for estimates — always confirm exact terms with your lender.
Frequently asked questions
What is EMI?
EMI stands for Equated Monthly Instalment — the fixed amount you pay each month towards a loan until it is fully repaid.
Does this include processing fees or insurance?
No. The calculator estimates only the principal and interest portion. Processing fees, insurance, and other charges are separate.
Is the reducing-balance method the same as banks use?
Most banks in India use the reducing-balance method, so estimates should be close, but always confirm with your lender.
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CashBloom provides educational information and calculator estimates for general informational purposes. Results may differ from actual rates, taxes, fees, bank calculations or investment outcomes. Verify current information from official sources before making financial decisions.