EMI Calculator

Calculate Equated Monthly Installment for loans.

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Features

EMI Calculation

Calculate your monthly loan payment amount.

Payment Breakdown

See how much goes towards principal and interest.

Total Cost

Understand the total amount you will pay over the loan tenure.

Flexible Tenure

Calculate for different loan periods.

About EMI Calculator

Calculate the Equated Monthly Installment (EMI) for any loan. This calculator helps you understand your monthly payment obligations and the total cost of borrowing.

How to Use EMI Calculator

  • 1
    Enter Loan Amount

    Input the total loan amount you want to borrow.

  • 2
    Set Interest Rate

    Enter the annual interest rate for the loan.

  • 3
    Select Loan Tenure

    Choose the loan repayment period in months/years.

  • 4
    View EMI Details

    Get your monthly EMI and total payment breakdown.

Frequently Asked Questions

EMI is calculated using the formula: P × r × (1 + r)^n / ((1 + r)^n - 1), where P is Principal, r is monthly interest rate, and n is months.
Yes, shortening the loan tenure increases the monthly EMI but significantly reduces the total interest paid.
This calculator assumes a fixed interest rate for the entire duration.
Making prepayments reduces your outstanding principal, which can either shorten your loan tenure or reduce your future EMI amount.
Standard EMIs are paid at the end of the month (arrears). EMI in advance means the first payment is made when the loan is disbursed.
It is a table detailing each periodic payment on an amortizing loan, showing the amount of principal and interest allocated to each payment.