Loan EMI Calculator

Find your monthly EMI in seconds. Adjust the loan amount, interest rate, and tenure to plan your repayment.

₹5,00,000
₹10,000₹1 Crore
10.00%
6%36%
60 months (5 yrs)
3 months30 years
Monthly EMI
₹10,624
Total
₹6.4L
Principal
Interest
Principal
₹5,00,000
Total Interest
₹1,37,440
Total Amount Payable
₹6,37,440
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About EMI Calculation

EMI (Equated Monthly Installment) is the fixed amount you pay every month to repay a loan over a chosen tenure. It includes both the principal amount and the interest charged.

EMI = [P × R × (1+R)^N] / [(1+R)^N − 1]

Where: P = Principal | R = Monthly interest rate (annual ÷ 12 ÷ 100) | N = Tenure in months

Tips to reduce your EMI

  • Choose a longer tenure to lower monthly EMI (but total interest goes up)
  • Maintain a CIBIL score above 750 to negotiate lower interest rates
  • Make a larger down-payment so the principal is smaller
  • Compare offers from multiple lenders — Nanda Fincap connects you with 50+ banks and NBFCs
  • Make periodic part-prepayments to reduce outstanding principal

Disclaimer

EMI calculated above is indicative. Actual EMI, processing fee, and other charges depend on the lender's policy, your credit profile, loan amount, tenure, and applicable taxes. For exact figures, apply through Nanda Fincap and we will share lender-confirmed quotes.