EMI Calculator
Plan your loans better. Calculate your Equated Monthly Installment (EMI) for home, car, or personal loans instantly.
Loan Details
Calculation Summary
Monthly EMI
₹0
Principal Amount
₹0
Total Interest
₹0
Total Payment (Principal + Interest)
₹0
How is EMI Calculated?
Equated Monthly Installment (EMI) is calculated using the following mathematical formula:
E = [P x R x (1+R)^N] / [(1+R)^N - 1]
- E is EMI
- P is Principal Loan Amount
- R is rate of interest calculated on a monthly basis. (i.e., R = Annual rate of interest / 12 / 100).
- N is loan term / tenure / duration in number of months.