Formula: 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 tenure in months.

This is an estimate using the interest rate you enter — actual loan offers vary by lender, credit profile and any processing fees, which aren’t included here. Compare the real offer from your bank or NBFC before deciding.