The Equated Monthly Installment (EMI) is computed using the standard reducing balance mathematical formula:
EMI = [P × R × (1+R)^N] / [(1+R)^N − 1]
Where P = Principal Loan Amount, R = Monthly Interest Rate (Annual Rate / 12 / 100), and N = Loan Tenure in Months.
* Disclaimer: The calculations provided by this interactive tool are indicative and for illustration purposes only. Actual interest rates, processing fees, GST, and sanction amounts may vary based on applicant credit profile, CIBIL score, property valuation, and lending institution policies.
