How the calculation works
EMI = P × r × (1 + r)^n ÷ ((1 + r)^n − 1), where P is the loan amount, r is the monthly interest rate and n is the number of months.
Frequently asked questions
Does the EMI include fees?
No. Processing fees and insurance are separate.
How can I reduce the total interest?
A shorter tenure, a lower rate or part-prepayments reduce the interest you pay overall.