EMI Calculator

How EMI is Calculated

EMI (Equated Monthly Installment) is calculated using the standard EMI formula for loans:

EMI = [P × R × (1 + R)^N] / [(1 + R)^N – 1]

Where:

• P = Loan amount (Principal)
• R = Monthly interest rate (Annual Rate ÷ 12 ÷ 100)
• N = Loan tenure in months

This formula ensures each EMI includes a portion of the principal repayment and the interest amount. It is commonly used in all types of loans, including personal loans, car loans, and home loans.

Understanding this EMI calculation formula helps borrowers plan their loan repayment schedule more effectively.

About this EMI Calculator

This EMI Calculator helps you quickly estimate your monthly loan payments. Whether you're applying for a personal loan, car loan, or home loan, this tool simplifies your financial planning by showing:

• 📅 Monthly EMI (Equated Monthly Installment)
• 📈 Total Interest Payable on Loan
• 💰 Total Loan Repayment Amount

Use this free loan EMI calculator to plan your loan repayment schedule with ease and make informed borrowing decisions.

Features of the EMI Calculator

• 🔢 Easy-to-use EMI calculator interface for quick loan estimates
• 📅 Fast EMI computation for personal, car, and home loans
• 📈 Displays monthly EMI, interest payable, and total repayment amount
• ⚡ Instant EMI results for better loan comparison and planning
• 💡 Helps in making informed financial and loan decisions
• 📱 Fully mobile-friendly EMI calculator for use on any device