EMI Calculator
Calculate your monthly EMI (Equated Monthly Installment) for loans.
How to Calculate EMI on a Loan
Calculate your Equated Monthly Installment (EMI) with our easy-to-use calculator. Simply enter your loan details and get instant results.
- 1
Enter Loan Details
Input your loan amount, interest rate, and tenure to get started.
- 2
Choose Tenure
Select between years or months for your loan duration.
- 3
Get Results
View your monthly EMI, total payment, and interest amount instantly.
EMI Formula
EMI = [P × R × (1+R)^N] / [(1+R)^N – 1]
Where:
- P = Principal loan amount
- R = Monthly interest rate (Annual rate ÷ 12)
- N = Total number of months
Benefits of Knowing Your Monthly EMI in Advance
Understanding your EMI in advance helps you make informed financial decisions and plan your budget effectively.
- 1
Better Budget Planning
Plan your monthly expenses with confidence, knowing your exact loan payment.
- 2
Compare Loan Options
Evaluate different loan terms and choose the best option for your needs.
- 3
Avoid Financial Stress
Prevent unexpected financial burdens by planning your loan payments in advance.
Pro Tip
Use our calculator to experiment with different loan amounts and tenures to find the perfect balance between monthly payments and total interest cost.
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