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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)₹1,25,448.030.54%H ₹1,26,070.47 · L ₹1,25,359.11|Silver Intl (1kg)₹1,81,397.241.67%H ₹1,83,344.29 · L ₹1,81,059.96|Crude WTI₹7,038.313.35%H ₹7,076.45 · L ₹6,979.18|Bitcoin$63,8810.66%H $64,090.86 · L $63,671.14|Ethereum$1,810.90.65%H $1,816.76 · L $1,805.04|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)₹1,25,448.030.54%H ₹1,26,070.47 · L ₹1,25,359.11|Silver Intl (1kg)₹1,81,397.241.67%H ₹1,83,344.29 · L ₹1,81,059.96|Crude WTI₹7,038.313.35%H ₹7,076.45 · L ₹6,979.18|Bitcoin$63,8810.66%H $64,090.86 · L $63,671.14|Ethereum$1,810.90.65%H $1,816.76 · L $1,805.04|
Breakingतुमच्या मुलांच्या शिक्षणावर कर वाचवा: कलम 80C आणि भत्त्यांच्या लाभांचे स्पष्टीकरण1/6

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
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