Calculate your monthly EMI (Equated Monthly Installment) for loans
Calculate your monthly loan installment
Amount payable every month
Total interest payable
Principal + Interest
Interest as % of principal
Enter loan details to calculate EMI
Understanding your loan repayment
Same amount each month
Reduces over time
Increases over time
Plan your finances
💡 Pro Tip: EMI = [P × r × (1+r)^n] / [(1+r)^n-1] where P = Principal, r = Monthly Interest Rate, n = Number of Months
Step-by-step guide to get started
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Understanding the EMI calculation formula
EMI is calculated using the formula: EMI = [P x R x (1+R)^N]/[(1+R)^N-1], where P is principal, R is monthly interest rate, and N is loan tenure in months.
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Find answers to common questions about EMI
EMI stands for Equated Monthly Installment - a fixed payment amount made by a borrower to a lender at a specified date each calendar month.
Yes, most loans allow prepayment, which can reduce your total interest burden. Check with your lender for prepayment terms.
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