EMI Calculator
See your monthly instalment, total interest and total amount payable. When the numbers look right, send them to us on WhatsApp in one tap.
Your EMI (the money you pay back each month)
₹4,707
You pay ₹4,707 a month for 24 months.
- Loan
- ₹1,00,000
- Interest
- ₹12,976
- Total you pay
- ₹1,12,976
Amounts and EMIs are a guide only, not a loan offer. Your final amount, interest and terms depend on your eligibility and company policy.
How your EMI works
A good rule of thumb is to keep all your EMIs together below a comfortable share of your monthly income, so household needs and savings are never squeezed. If you are unsure, our team at Jyothika Micro Finance will help you choose a sensible amount and tenure.
Try the calculator for a specific loan:
What is an EMI?
EMI stands for Equated Monthly Instalment. It is the fixed amount you pay every month until the loan is fully repaid. Each EMI includes part of the principal and part of the interest.
How is EMI calculated?
EMI = P × r × (1 + r)ⁿ ÷ ((1 + r)ⁿ − 1), where P is the loan amount, r is the monthly interest rate (annual rate ÷ 12 ÷ 100) and n is the number of months.
How can I reduce my EMI?
Choosing a longer tenure lowers the monthly EMI, but increases the total interest you pay. Borrowing a smaller amount reduces both. Pick an EMI that leaves room in your monthly budget.
Is the result a loan offer?
No. The calculator gives an illustrative figure only. Your actual interest rate, EMI and charges depend on your eligibility and are confirmed in writing before you accept a loan.