Planning a loan in 2025? Whether it's for a home, car, or personal expenses, understanding your EMI is essential. This guide explains how EMIs work and how to calculate them easily.
🔍 What is an EMI?
EMI (Equated Monthly Installment) is a fixed amount paid monthly towards a loan. It includes both principal and interest, helping borrowers repay in smaller parts over time.
📐 EMI Formula
The EMI is calculated using this formula:
EMI = [P x R x (1+R)^N] / [(1+R)^N – 1]
Where: P = Principal, R = Monthly Interest Rate, N = Number of Months
📊 Example Calculation
If you borrow ₹5,00,000 for 5 years at 10% interest:
- P = 5,00,000
- R = 10 / 12 / 100 = 0.00833
- N = 60
EMI = ₹10,624/month (approx)
🚀 Why Use Rupeeksha’s EMI Calculator?
- ✅ Instant, accurate EMI results
- ✅ Visual chart breakdown (principal vs interest)
- ✅ Works for all loan types – home, personal, car
Try Our Free EMI Calculator
Calculate your EMI instantly based on your amount, rate, and duration.
Launch Calculator💡 Expert Tips to Lower Your EMI
- 💳 Maintain a credit score above 750
- 📆 Choose longer loan tenure
- 💰 Make a bigger down payment
- 🔍 Compare lenders before applying
📌 Final Thoughts
Whether you're applying for a home, car, or personal loan, knowing your EMI helps you plan finances better. Use Rupeeksha’s calculator for free to simplify your decision-making!
This article is provided for educational purposes only. Please consult your financial advisor for personalized loan advice.