EMI Calculator

Instantly calculate your EMI and understand your loan repayments better with our quick and accurate EMI Calculator. Make smarter financial decisions today!

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What is EMI?

EMI (Equated Monthly Installment) is a fixed payment amount made by a borrower to a lender at a specified date each calendar month. EMIs are used to pay off both interest and principal each month so that over a specified number of years, the loan is paid off in full.

How EMI is Calculated

The mathematical formula to calculate EMI is:

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
How to Use This Calculator
  1. Enter your Loan Amount in rupees.
  2. Set the Interest Rate in percentage per annum.
  3. Specify the Loan Tenure in years or months.
  4. Click "Calculate EMI" to see your monthly payment and amortization schedule.
Types of Loans You Can Calculate
  • Home Loans
  • Car Loans
  • Personal Loans
  • Education Loans
  • Any other loans with fixed interest rates



Disclaimer : The results provided by these calculators are for informational purposes only and should not be considered as financial, medical, or professional advice. The accuracy of the calculations depends on the information entered, and actual results may vary. We recommend consulting a financial advisor or healthcare professional for personalized guidance.