EMI Calculator
Calculate monthly EMI for loans
Result
Output will appear here...
About EMI Calculator
EMI Calculator computes the Equated Monthly Instalment for any loan based on principal amount, interest rate, and loan tenure. Also shows total interest payable.
How to Use EMI Calculator
- 1Enter the loan amount (principal)
- 2Enter the annual interest rate
- 3Enter the loan tenure in months or years
- 4Click "Calculate" to see your monthly EMI and total interest
Frequently Asked Questions
EMI stands for Equated Monthly Instalment — a fixed payment made every month to repay a loan.
EMI = [P × R × (1+R)^N] / [(1+R)^N – 1], where P = principal, R = monthly interest rate, N = number of months.
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