EMI Calculator
Calculate your monthly loan EMI (Equated Monthly Installment) with detailed breakdowns of principal, interest, and total payment.
How to Use EMI Calculator
How to Use the EMI Calculator:
- Enter your Loan Amount (principal) - the total amount you want to borrow
- Enter Annual Interest Rate (%) - the yearly interest rate offered by the lender
- Select Loan Tenure:
- Choose between Years or Months from the dropdown
- Enter the loan duration (e.g., 5 years or 60 months)
- Results are calculated automatically as you type
- View your Monthly EMI payment amount
- See the breakdown of:
- Principal Amount (loan amount)
- Total Payment (principal + interest)
- Total Interest (interest paid over entire tenure)
- Copy or share your results
The calculator uses the standard EMI formula: 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
Try the example scenarios for Home Loan, Car Loan, or Personal Loan to see typical EMI calculations.
Frequently Asked Questions
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