EMI Calculator

Calculate monthly loan installments, total interest, and repayment schedule.

The EMI (Equated Monthly Installment) Calculator helps you determine your monthly loan payments for home loans, car loans, personal loans, and more. Enter the principal amount, interest rate, and tenure to instantly see your EMI, total interest payable, and a month-by-month amortization schedule.

How to Calculate EMI

Enter the loan amount (principal)
Enter the annual interest rate as a percentage
Enter the loan tenure in months
Click "Calculate EMI" to see monthly installment and full schedule

Frequently Asked Questions

What is EMI?

EMI stands for Equated Monthly Installment. It is the fixed payment amount you make to a lender each month until the loan is fully repaid, including both principal and interest.

How is EMI calculated?

EMI is calculated using the formula: EMI = P × r × (1+r)^n / ((1+r)^n - 1), where P is the principal loan amount, r is the monthly interest rate, and n is the number of months.

Is the EMI calculator free?

Yes, completely free. No signup required.

Can I use this for car loans, home loans, and personal loans?

Yes. The EMI calculator works for any type of loan including home loans, car loans, personal loans, and education loans.