EMI / Loan Calculator
Enter your loan details to see the monthly EMI, total interest, and total amount payable.
Monthly EMI —
Principal —
Total interest —
Total payment —
- Principal —
- Interest —
How EMI is calculated
EMI (Equated Monthly Installment) uses this formula:
EMI = P × r × (1 + r)n ÷ ((1 + r)n − 1)
where P is the loan principal, r is the monthly interest rate (annual rate ÷ 12 ÷ 100), and n is the number of monthly installments.