EMI Calculator

Results:

Monthly EMI: -

Total Amount: -

Total Interest: -

About EMI

EMI (Equated Monthly Installment) is the fixed payment amount made by a borrower to a lender at a specified date each calendar month.

How to Use

  1. Enter loan amount
  2. Input annual interest rate
  3. Provide loan tenure in months
  4. Click Calculate EMI

How It Works

Uses the formula: EMI = P × r × (1 + r)^n / ((1 + r)^n - 1) where P=Principal, r=monthly interest rate, n=number of months