EMI Calculator

Calculate Equated Monthly Installments for loans

Principal Amount

Annual Interest Rate

Loan Tenure

Formula

EMI = P × r × (1+r)ⁿ / ((1+r)ⁿ - 1)

Where P = Principal, r = Monthly rate, n = Number of months

Actions:

How to Use

How is EMI calculated?

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

Can I compare different interest rates?

Yes. Adjust the interest rate to see how it affects the EMI and total interest cost.

Does it show an amortization schedule?

Yes. A month-by-month breakdown shows principal and interest components of each payment.