EMI Calculator
Know the true cost of a loan before you sign. Enter the amount, rate and tenure to see your EMI and total interest over the life of the loan.
Your numbers
Loan amount
₹
Interest rate (p.a.)
%
Loan term
yrs
Show advanced options
Include extra EMI payments, prepayments, and EMI increases
Result
Principal
Interest
Principal
₹10 L
Total interest
₹0
Total payable
₹0
Interest share
0%
Low EMI to loan ratio of 0%. This provides good monthly affordability.
A ₹1,00,000 prepayment can reduce your EMI by -₹7,810 per month
How EMI is calculated
P = principal (loan amount), r = monthly interest rate, n = tenure in months.
- P (Principal): The loan amount you borrow.
- r (Rate): The monthly interest rate (annual rate ÷ 12 ÷ 100).
- n (Months): The total number of monthly payments (loan tenure in months).
- EMI: The fixed payment made every month, covering both principal and interest.
This is one number. WellthIQ sees the whole picture.
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