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Nifty 5024,207.650%H 24,297.45 · L 24,188.6|Sensex77,433.760.05%H 77,694.97 · L 77,341.13|Bank Nifty57,856.850.13%H 58,012.4 · L 57,743.8|USD / INR₹95.410.01%H ₹95.47 · L ₹95.39|Gold Intl (10g)₹1,43,549.820.57%H ₹1,44,092.77 · L ₹1,42,580.49|Silver Intl (1kg)₹2,11,657.531.43%H ₹2,13,344.66 · L ₹2,08,866.11|Crude WTI₹7,809.310.46%H ₹7,839.84 · L ₹7,774.96|Bitcoin₹75,21,2680.13%H ₹75,26,179.29 · L ₹75,16,356.71|Ethereum₹2,37,9721.25%H ₹2,39,465.21 · L ₹2,36,478.79|Nifty 5024,207.650%H 24,297.45 · L 24,188.6|Sensex77,433.760.05%H 77,694.97 · L 77,341.13|Bank Nifty57,856.850.13%H 58,012.4 · L 57,743.8|USD / INR₹95.410.01%H ₹95.47 · L ₹95.39|Gold Intl (10g)₹1,43,549.820.57%H ₹1,44,092.77 · L ₹1,42,580.49|Silver Intl (1kg)₹2,11,657.531.43%H ₹2,13,344.66 · L ₹2,08,866.11|Crude WTI₹7,809.310.46%H ₹7,839.84 · L ₹7,774.96|Bitcoin₹75,21,2680.13%H ₹75,26,179.29 · L ₹75,16,356.71|Ethereum₹2,37,9721.25%H ₹2,39,465.21 · L ₹2,36,478.79|
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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
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