Loan EMI Calculator

Loan amount: Rs.

Rate (Interest): %

Months (Time):

Total EMI: Rs.

Equated Monthly Installment (EMI) works by splitting your loan repayment into equal monthly payments over a fixed period of time. Each EMI has two parts:

Principal Component: This goes toward paying off the actual loan amount.
Interest Component: This is based on the remaining loan balance and decreases as the principal is paid down over time.

In the beginning, a larger portion of the EMI goes toward interest, but as the loan progresses, more of the EMI is allocated toward repaying the principal. This continues until the loan is fully paid off.