EMI

    Equated Monthly Installment

    Investment Planning

    A fixed payment amount made by a borrower to a lender at a specified date each month. Includes both principal and interest components.

    Formula

    EMI = P × r × [(1 + r)^n / ((1 + r)^n - 1)]

    Why it matters

    Understanding EMI helps you plan loan affordability. Higher tenure means lower EMI but more total interest paid.

    Indian example

    Related terms

    Learn the concept

    Time Value of Money