Calculate your Equated Monthly Installment for home loans, car loans, and personal loans
Enter loan details and click Calculate to see results
An EMI (Equated Monthly Installment) calculator helps you determine the monthly payment amount for a loan based on the principal amount, interest rate, and tenure. The EMI consists of both principal and interest components.
EMI = P × r × (1+r)^n / ((1+r)^n - 1)
Where P = Principal loan amount, r = Monthly interest rate, n = Total number of months