EMI = P × R × (1+R)N / ((1+R)N − 1), where P is principal, R is monthly interest rate and N is number of monthly installments. Figures are indicative and subject to final approval.
How Your EMI Is Calculated
Three simple factors determine your monthly payment.
Principal (P)
The total loan amount you borrow from us.
Interest Rate (R)
The monthly interest rate — your annual rate divided by 12.
Tenure (N)
The total number of monthly installments you'll pay.
EMI Calculator Questions
No — this tool gives an estimate. Your final rate depends on your credit profile, income and the loan product you choose after formal underwriting.
Yes, use the Years/Months toggle above the tenure slider to switch units — the calculator recalculates instantly.
It visualises how much of your total repayment goes toward the original loan amount (principal) versus the cost of borrowing (interest).