Loan Option 1
Enter loan details to calculate EMI.
Calculated EMI:
₹ 0.00
Loan Option 2
Enter loan details to calculate EMI.
Calculated EMI:
₹ 0.00
Loan Option 3
Enter loan details to calculate EMI.
Calculated EMI:
₹ 0.00
Savings Summary
Comparison of total interest and repayment amounts based on the options above. Comparisons are most meaningful when principal amounts are the same.
Loan Option 1
Total Interest: N/A
Total Repayable: N/A
Loan Option 2
Total Interest: N/A
Total Repayable: N/A
Loan Option 3
Total Interest: N/A
Total Repayable: N/A
Enter details for Loan Option 1 and at least one other option to see a comparative summary.
EMI Calculation Formula
The Equated Monthly Installment (EMI) is calculated using the formula:
EMI = [P × r × (1 + r)^n] / [(1 + r)^n – 1]
- P = Principal loan amount
- r = Monthly interest rate (Annual Rate / 12 / 100)
- n = Loan tenure in months