EMI Calculator

Calculate your Equated Monthly Installments with precision and make informed financial decisions.

Loan Details

₹10K₹1Cr
% p.a.
1%20%
1 Year30 Years

Enter Loan Details

Fill in your loan information to see detailed EMI calculations and payment breakdown.

Understanding EMI

Everything you need to know about Equated Monthly Installments

What is EMI?

EMI (Equated Monthly Installment) is a fixed payment amount made by a borrower to a lender at a specified date each calendar month. EMIs are used to pay off both interest and principal each month so that over a specified number of years, the loan is fully paid off.

EMI Formula

EMI = [P × R × (1+R)^N] / [(1+R)^N – 1]

P = Principal loan amount

R = Monthly interest rate

N = Number of monthly installments

Benefits of EMI Calculator

Plan your budget effectively by knowing exact monthly payments

Compare different loan options and choose the best one

Understand the total cost of your loan including interest

Make informed financial decisions for major purchases

Optimize loan tenure based on your financial capacity

Evaluate the impact of prepayments on your loan

Contact Us

N1/187, IRC Village, Nayapalli, Bhubaneswar, Odisha -15

+91 890-801-2233

support@cayana.co.in

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If you have any questions, feel free to reach out. We're here to help and answer any queries you may have.

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sales@cayana.co.in

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