EMI Calculator
FinancialCalculate your monthly EMI for loans with detailed amortization schedule
How to Use
- Enter the loan amount (principal)
- Input the interest rate per annum
- Enter the loan tenure in months or years
- Click "Calculate EMI" to see your monthly payment
Frequently Asked Questions
What is EMI?
EMI stands for Equated Monthly Installment. It is the fixed payment amount you make to the lender every month for a loan.
How is EMI calculated?
EMI is calculated using the formula: P × r × (1 + r)^n / ((1 + r)^n - 1), where P is principal, r is monthly interest rate, and n is tenure in months.
Calculate your Equated Monthly Installment (EMI) for home loans, car loans, or personal loans with our free EMI calculator. Get instant calculations showing monthly EMI, total interest payable, and total amount to be paid. Perfect for planning your loan repayment and comparing different loan options. Supports flexible tenure selection in months or years.