An EMI (Equated Monthly Installment) Calculator helps you determine the fixed monthly payment required to repay a loan over a specific period, based on the loan amount, interest rate, and tenure.

The calculator uses the loan amount (principal), interest rate, and loan tenure to compute the monthly EMI using a standard mathematical formula.

The EMI formula is:

EMI = [P × R × (1 + R)^N] / [(1 + R)^N - 1]

where:
P = Loan Amount, R = Monthly Interest Rate, N = Number of Monthly Installments.

You need to enter the loan amount, interest rate (annual), and loan tenure (in months or years). The calculator will instantly show your EMI amount, total interest, and total payment.

Yes. You can use this calculator for all types of loans — including home loans, car loans, personal loans, and education loans.

Yes. Each EMI includes a portion of the loan principal and the interest charged by the lender. The interest portion is higher at the beginning and decreases over time.

Yes, most lenders allow loan prepayment or foreclosure. However, there may be charges or penalties depending on your loan terms.

• Helps estimate monthly financial commitments
• Enables easy comparison of different loan offers
• Shows total interest cost over the loan tenure
• Supports better budgeting and repayment planning

The EMI Calculator provides an accurate estimate based on your inputs. However, the actual EMI may slightly vary depending on your lender’s compounding method or processing fees.