Free Calculator

EMI Calculator

Calculate your loan EMI, interest, and total amount with our free EMI calculator

Loan Details
Enter your loan information to calculate EMI
EMI Calculation Results
Your loan breakdown and payment details

Enter loan details to see EMI calculation

About EMI Calculator

An EMI (Equated Monthly Installment) calculator helps you determine the monthly payment amount for a loan. It calculates the fixed payment amount that includes both principal and interest components.

How EMI is Calculated:

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

  • P = Principal loan amount
  • R = Monthly interest rate (Annual rate / 12 / 100)
  • N = Loan tenure in months

Benefits of Using EMI Calculator:

  • Plan your monthly budget effectively
  • Compare different loan options
  • Understand total interest payable
  • Make informed financial decisions