EMI Calculator
Calculate your monthly loan EMI, total interest and total payment for any loan amount, rate and tenure.
How to Use This EMI Calculator
- 1Enter your total loan amount
- 2Enter the annual interest rate charged by your bank
- 3Enter the loan tenure in years
- 4Click Calculate to see your monthly EMI and total interest
Formula
EMI = P × r × (1+r)^n / ((1+r)^n - 1) where P = Principal, r = monthly interest rate, n = number of months
Frequently Asked Questions
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About EMI Calculator
An EMI (Equated Monthly Installment) calculator helps you plan your loan repayments by showing exactly how much you'll pay each month. Use this free EMI calculator for home loans, car loans, personal loans and any other type of loan.