Loan EMI
What you'll pay each month on a fixed-rate amortizing loan.
Monthly EMI
—
Total payment: — · Total interest: —
Year by year
| Year | Principal | Interest | Balance |
|---|
Formula
EMI = P · r · (1 + r)n / ((1 + r)n − 1)
P = loan amount, r = monthly interest rate (annual / 12 / 100), n = number of months.