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Nifty 5023,985.350.04%H 24,041.15 · L 23,954.6|Sensex76,765.920.09%H 76,988.48 · L 76,672.77|Bank Nifty56,755.60.58%H 57,054.2 · L 56,672.4|USD / INR₹95.840.06%H ₹95.91 · L ₹95.62|Gold Intl (10g)₹1,23,874.941.4%H ₹1,25,896.33 · L ₹1,23,764.01|Silver Intl (1kg)₹1,75,870.312.79%H ₹1,81,262.74 · L ₹1,75,331.07|Crude WTI₹7,781.411.72%H ₹7,900.26 · L ₹7,648.19|Bitcoin₹60,38,7473.03%H ₹61,30,326.61 · L ₹59,47,167.39|Ethereum₹1,79,3803.64%H ₹1,82,641.01 · L ₹1,76,118.99|Nifty 5023,985.350.04%H 24,041.15 · L 23,954.6|Sensex76,765.920.09%H 76,988.48 · L 76,672.77|Bank Nifty56,755.60.58%H 57,054.2 · L 56,672.4|USD / INR₹95.840.06%H ₹95.91 · L ₹95.62|Gold Intl (10g)₹1,23,874.941.4%H ₹1,25,896.33 · L ₹1,23,764.01|Silver Intl (1kg)₹1,75,870.312.79%H ₹1,81,262.74 · L ₹1,75,331.07|Crude WTI₹7,781.411.72%H ₹7,900.26 · L ₹7,648.19|Bitcoin₹60,38,7473.03%H ₹61,30,326.61 · L ₹59,47,167.39|Ethereum₹1,79,3803.64%H ₹1,82,641.01 · L ₹1,76,118.99|
BreakingNew Investors: Avoid These 5 Common Stock Market Mistakes1/6

Equated Monthly Instalment (EMI)

The fixed monthly payment to repay a loan.

Definition

An Equated Monthly Instalment (EMI) is the fixed amount you pay a lender every month to repay a loan — comprising both principal and interest — over the loan tenure. Early EMIs are interest-heavy; later ones repay more principal.

Formula
EMI = P × r × (1 + r)^n / ((1 + r)^n − 1) — P = principal, r = monthly rate, n = months
Example

A ₹20 lakh home loan at 8.5% for 20 years has an EMI of about ₹17,356.

Use the EMI calculator

Frequently asked questions

Related terms

Repo RateCAGR
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