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PulseDesk reports what India is talking about. Janooji answers what India wants to know.

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EMI Calculator

Estimate monthly EMI, total interest, and overall payout for a home, car, or personal loan.

Home, car, or personal loan principal.

Monthly EMI
₹8,997.26
Total interest
₹11,59,342.29
Total payment
₹21,59,342.29

240 instalments at a monthly rate of 0.75%.

Questions

How is EMI calculated?

Janooji uses the standard reducing-balance formula: EMI = P × r × (1+r)^n / ((1+r)^n − 1), where r is the monthly rate and n is the number of months.

Does this include processing fees or insurance?

No. This is the principal-and-interest instalment only. Fees, GST on fees, and insurance are extra.

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