Work out emi instantly with clear inputs, formula shown and shareable results.
An equated monthly instalment keeps the payment constant while the split between interest and principal shifts over time. The payment comes from the annuity formula using the monthly rate and the number of months in the tenure.
EMI
EMI = P·r / (1 - (1+r)^-n)
Figures are estimates. Lenders apply their own rounding, fees and eligibility rules, and rates change. This is not financial advice — confirm the numbers with your lender.
Interest is charged on the outstanding balance, which is largest at the start, so little of the first instalments touches principal.
The EMI falls but total interest rises, because the balance stays outstanding for longer.