Free tool
EMI calculator.
Enter the loan amount, annual rate and tenure in months to see the monthly instalment and total interest.
Principal₹5,00,000.00
Total interest₹97,857.58
Total payable₹5,97,857.58
Monthly EMI₹16,607.15
The formula
EMI = P × r × (1 + r)ⁿ ÷ ((1 + r)ⁿ − 1), where P is principal, r the monthly rate and n the number of months. TripleBill records loans received and repayments in the cash and bank module so they appear on the balance sheet.
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