Finance your dream home with competitive interest rates starting from 6.50% p.a.
Drive your dream car with affordable EMIs and interest rates from 7.25% p.a.
Get instant cash for your personal needs with rates starting at 10.25% p.a.
Fund your education with flexible repayment options and rates from 8.35% p.a.
Monthly EMI
₹17,252
Total Interest
₹21,40,563
Total Amount
₹41,40,563
| Year | Principal Paid | Interest Paid | Total Payment | Balance |
|---|
Equated Monthly Installment (EMI) is the fixed amount you pay to the bank or financial institution each month until your loan is fully repaid. It comprises both the principal amount and the interest component.
During the initial months, a larger portion of your EMI goes towards interest payment. As you continue paying, the interest component reduces, and more of your payment goes towards reducing the principal amount.
EMI = [P × r × (1 + r)^n] ÷ [(1 + r)^n - 1]
Where:
Choose between Home, Car, Personal, or Education loan.
Input the loan amount, interest rate, and loan tenure using the sliders or input fields.
Get instant calculations of your monthly EMI, total interest payable, and total amount.
Examine the year-by-year amortization schedule to understand how your payments reduce the loan balance over time.
For floating rate loans, consider calculating EMIs with interest rates 1-3% higher to prepare for potential rate increases.
At Simple EMI, we're committed to providing transparent, easy-to-use financial tools that help you make informed decisions about your loans and financial planning. Our EMI calculator is designed to simplify complex loan calculations and give you a clear picture of your repayment schedule.
Founded in 2023, our mission is to empower individuals with the knowledge and tools they need to make smart financial choices. We believe that everyone deserves access to simple, accurate financial calculators that can help them plan their future with confidence.
Our team consists of financial experts and software developers who are passionate about creating user-friendly financial tools. We regularly update our calculators to reflect the latest financial trends and regulations.
Simple EMI is not a financial institution and does not offer loans or financial products. We are an independent service that provides calculation tools to help you evaluate loan offers from various lenders. All calculations are for informational purposes only and should not be considered as financial advice.
Have questions, feedback, or suggestions? We'd love to hear from you! Fill out the form, and our team will get back to you as soon as possible.
support@simpleemi.com
+91 9876543210
123 Finance Street, Digital Park
Bangalore, Karnataka 560001
India
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