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Nifty 5024,206.91.02%H 24,228.45 · L 24,120.35|Sensex77,569.391.08%H 77,642.23 · L 77,320.56|Bank Nifty58,045.91.39%H 58,251.95 · L 57,576.7|USD / INR₹95.370.01%H ₹95.37 · L ₹95.37|Gold Intl (10g)₹1,26,134.860%H ₹1,27,082.32 · L ₹1,25,153.67|Silver Intl (1kg)₹1,84,478.790%H ₹1,84,478.79 · L ₹1,81,228.6|Crude WTI₹6,810.370%H ₹7,059.29 · L ₹6,810.37|Bitcoin$63,7410.88%H $64,022.1 · L $63,459.9|Ethereum$1,804.720.94%H $1,813.24 · L $1,796.2|Nifty 5024,206.91.02%H 24,228.45 · L 24,120.35|Sensex77,569.391.08%H 77,642.23 · L 77,320.56|Bank Nifty58,045.91.39%H 58,251.95 · L 57,576.7|USD / INR₹95.370.01%H ₹95.37 · L ₹95.37|Gold Intl (10g)₹1,26,134.860%H ₹1,27,082.32 · L ₹1,25,153.67|Silver Intl (1kg)₹1,84,478.790%H ₹1,84,478.79 · L ₹1,81,228.6|Crude WTI₹6,810.370%H ₹7,059.29 · L ₹6,810.37|Bitcoin$63,7410.88%H $64,022.1 · L $63,459.9|Ethereum$1,804.720.94%H $1,813.24 · L $1,796.2|
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Equated Monthly Instalment (EMI)

The fixed monthly payment to repay a loan.

Definition

An Equated Monthly Instalment (EMI) is the fixed amount you pay a lender every month to repay a loan — comprising both principal and interest — over the loan tenure. Early EMIs are interest-heavy; later ones repay more principal.

Formula
EMI = P × r × (1 + r)^n / ((1 + r)^n − 1) — P = principal, r = monthly rate, n = months
Example

A ₹20 lakh home loan at 8.5% for 20 years has an EMI of about ₹17,356.

Use the EMI calculator

Frequently asked questions

Related terms

Repo RateCAGR
Browse the full financial glossary. Educational only — not investment advice.

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