Calculate your monthly instalment, total interest payable, and full amortisation schedule for any home, car, or personal loan.
Results are indicative. Consult a financial advisor before making decisions.
EMI = P × R × (1+R)^N / [(1+R)^N − 1]Where P = Principal, R = Monthly rate (annual rate ÷ 12 ÷ 100), N = Total months. The formula calculates the fixed instalment that pays off both principal and interest over the tenure.