EMI Calculator
Calculate your Equated Monthly Installment for any loan amount, interest rate, and tenure.
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Calculate Your EMI Instantly
Enter your loan amount, interest rate, and tenure to calculate your Equated Monthly Installment (EMI). Get instant results with detailed breakdowns of principal and interest components.
💡 Enter the total loan amount you wish to borrow
💡 Annual interest rate charged by the lender
💡 Duration of the loan repayment period
What is EMI?
EMI (Equated Monthly Installment) is a fixed payment amount made by a borrower to a lender at a specified date each calendar month. EMIs apply to both interest and principal each month.
EMI Formula
EMI = [P × R × (1+R)^N] / [(1+R)^N – 1]
Where P = Principal, R = Monthly interest rate, N = Number of monthly installments.