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EMI Calculator
Calculate monthly EMI for any loan
₹5,00,000
₹10,000₹5,00,00,000
10.5%
1%30%
10 yrs
1 yrs30 yrs
Invested (62%)
Returns (38%)
What is EMI Calculator?
An EMI (Equated Monthly Instalment) calculator helps you calculate the fixed monthly payment you need to make towards a loan. Every EMI has two components: principal repayment and interest. In the early months, most of the EMI goes towards interest. As the loan matures, more goes towards principal. Understanding your EMI helps you plan your monthly budget and compare loan offers from different lenders.
📐 Formula Used
EMI = P × r × (1+r)^n / ((1+r)^n – 1) Where P = loan amount, r = monthly interest rate (annual rate ÷ 12), n = total months
📖 How to Use
Enter your loan amount, annual interest rate, and loan tenure in years. The calculator instantly shows your monthly EMI, total interest payable, and total amount paid.