EMI (Equated Monthly Installment) is a fixed monthly payment made to repay a loan over a set period, including both principal and interest.

How is EMI calculated?

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

EMI Calculator – Calculate Loan EMI Online

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Calculate your monthly loan EMI (Equated Monthly Installment). Enter loan amount, interest rate, and tenure to see monthly EMI, total interest, and total payment breakdown.

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Lightning Speed

Loan Amount₹10,00,000

₹50K₹50 Lakh₹1 Crore

Interest Rate (% p.a.)8.5%

1%12.5%25%

Loan Tenure (Years)15 Years (180 Months)

1 Yr15 Yrs30 Yrs

Monthly Loan EMI

₹9,847

payable every month for 15 years

Total Interest₹7,72,460

Total Amount₹17,72,460

Principal: 56%Interest: 44%

Overview & Purpose

What is EMI Calculator?

An Equated Monthly Installment (EMI) calculator is a vital financial planning tool that calculates the exact fixed monthly payment required to repay a loan over a designated tenure.

Whether you are planning a home loan, car purchase, education loan, or personal financing, knowing your monthly EMI, total interest payable, and overall payout prevents financial strain.

Our calculator uses the standardized reducing balance formula: EMI = [P × R × (1+R)^N] / [(1+R)^N - 1], generating interactive repayment visualizations and breakdowns in real time.

Supported Formats & Standards:

All major global currencies ($, €, £, ₹, etc.)

Step-by-Step Guide

How to Use EMI Calculator

Follow these simple steps to achieve perfect results in seconds.

1. Enter Loan Amount

Type the principal amount you intend to borrow.

2. Input Interest Rate

Enter the annual interest percentage offered by your lender.

3. Select Loan Tenure

Specify the repayment duration in years or months to see your monthly EMI, interest, and total cost.

Core Capabilities

Key Features

Precision reducing-balance EMI calculation formula
Dynamic breakdown of Principal vs. Total Interest Payable
Interactive tenure toggle between years and months
Instant updates as you tweak interest rates or loan amounts

User Value

Benefits & Advantages

Budget loan commitments accurately before signing bank contracts
Compare different bank loan offers side-by-side to find the lowest interest
Avoid borrowing more than your comfortable monthly cash flow allows

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Got Questions?

Frequently Asked Questions

EMI stands for Equated Monthly Installment. It is a fixed monthly payment made by a borrower to a bank or financial institution until the loan principal and interest are paid in full.