Find interest rate from EMI or compute EMI from rate
Result
5.06%
Loan
₹50,000
Total Interest
₹4,000
Total Payment
₹54,000
| Year | Principal | Interest | Total Payment | Balance |
|---|---|---|---|---|
| Year 1 | ₹15,832 | ₹2,168 | ₹18,000 | ₹34,168 |
| Year 2 | ₹16,652 | ₹1,348 | ₹18,000 | ₹17,516 |
| Year 3 | ₹17,516 | ₹484 | ₹18,000 | ₹0 |
| Total | ₹50,000 | ₹4,000 | ₹54,000 | - |
Use this tool to compute the EMI for a given interest rate or to find the implied annual interest rate from a known EMI.
This calculator helps in two ways: calculate monthly EMI for a given rate, or derive the annual interest rate when you know the loan amount, tenure and EMI.
The EMI formula used:
EMI = [P × R × (1 + R)^N] / [(1 + R)^N – 1]
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The calculator uses a numeric search to find the monthly rate that matches the provided EMI, then converts to annual rate.
Results are numerically solved and accurate to standard decimal precision; consult your lender for official rates.
Yes — it works for bike, car, personal, and home loans (subject to tenure limits).