EMI Calculator
Calculate your equated monthly installments, total interest, and total payable loan amount.
How to Use the EMI Calculator
Follow these simple steps to use this tool directly in your browser.
Enter Loan Amount
Type your total principal borrowed.
Enter Annual Interest Rate
Provide your annual percentage rate (APR).
Set Loan Tenure
Specify loan duration in years or months.
Key Features
Standard Amortization Formula
Calculates precise monthly installments based on banking standards.
Interest vs Principal Split
Clearly distinguishes total interest from original borrowed capital.
An Equated Monthly Installment (EMI) is the fixed payment amount made by a borrower to a lender at a specified date each month. Results are mathematical estimates for planning purposes.
Frequently Asked Questions
EMI = [P x R x (1+R)^N] / [(1+R)^N - 1], where P is principal, R is monthly interest rate, and N is tenure in months.
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