How the EMI Calculator works
EMI = P × r × (1 + r)ⁿ / ((1 + r)ⁿ − 1), where P is the loan amount, r the monthly interest rate (yearly ÷ 12) and n the number of monthly instalments.
Questions people ask
How can I reduce my EMI?
Choose a longer tenure, make a bigger down payment or negotiate a lower rate. A longer tenure lowers the EMI but raises the total interest.
Results are estimates for planning only, not advice or a promise of returns.