EMI Calculator

Calculate your Equated Monthly Installment

About EMI

What is EMI?

EMI (Equated Monthly Installment) is the fixed amount you pay to the bank or financial institution each month until your loan is fully repaid. It consists of both principal and interest components.

How is EMI Calculated?

The EMI calculation is based on the formula:

EMI = [P × R × (1+R)^N] / [(1+R)^N-1]

Where:
P = Principal Loan Amount
R = Monthly Interest Rate (Annual Rate/12/100)
N = Loan Tenure in Months

Factors Affecting Your Loan EMI

1. Loan Amount: Higher the loan amount, higher the EMI

2. Interest Rate: Lower rates reduce your EMI burden

3. Loan Tenure: Longer tenures reduce monthly EMI but increase total interest

Loan Amount

Enter loan amount

Interest Rate (% per annum)

Enter interest rate

Loan Tenure (Months)

Enter tenure

Monthly EMI

Enter values to calculate

Total Payment

-

Total Interest

-

Total Principal

-

Interest Rate

-

Loan Tenure

-

Custom Calculation

Calculate interest rate and total amount based on loan amount, EMI, and tenure

Loan Amount

Monthly EMI

Tenure (Months)

Calculation Results

Interest Rate

-

Total Payment

-

Total Interest

-

Conclusion

Your EMI calculation details will appear here after you enter the values and click Calculate EMI.