EMI Calculator

EMI uses the standard amortizing-loan formula: EMI = P × r × (1+r)ⁿ ÷ [(1+r)ⁿ − 1], where P is your loan amount, r is the monthly interest rate, and n is the number of monthly instalments. Every payment blends principal and interest — early payments are mostly interest, later ones are mostly principal, even though the EMI itself stays fixed.

A longer tenure lowers your monthly EMI but increases total interest paid over the life of the loan, since you're borrowing the bank's money for longer. The donut above shows that trade-off — how much of your total repayment is principal versus interest.