अ

Welcome to Arth Vani

Choose your preferred language

Sponsored · Open a free Demat account & get ₹500 in stocks.Claim
अ
ArthVani
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)₹1,25,454.160.54%H ₹1,26,070.47 · L ₹1,25,328.45|Silver Intl (1kg)₹1,81,581.221.57%H ₹1,83,344.29 · L ₹1,81,059.96|Crude WTI₹7,021.143.09%H ₹7,076.45 · L ₹6,979.18|Bitcoin$63,7780.74%H $64,013.2 · L $63,542.8|Ethereum$1,801.990.76%H $1,808.82 · L $1,795.16|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)₹1,25,454.160.54%H ₹1,26,070.47 · L ₹1,25,328.45|Silver Intl (1kg)₹1,81,581.221.57%H ₹1,83,344.29 · L ₹1,81,059.96|Crude WTI₹7,021.143.09%H ₹7,076.45 · L ₹6,979.18|Bitcoin$63,7780.74%H $64,013.2 · L $63,542.8|Ethereum$1,801.990.76%H $1,808.82 · L $1,795.16|
Breakingಮಕ್ಕಳ ಶಿಕ್ಷಣದ ಮೇಲಿನ ತೆರಿಗೆ ಉಳಿಸಿ: ಸೆಕ್ಷನ್ 80C ಮತ್ತು ಭತ್ಯೆಯ ಪ್ರಯೋಜನಗಳ ವಿವರಣೆ1/6

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.

Daily 3-minute money update on WhatsApp

Join 50,000+ investors — free.