Loan EMI Calculator
Calculate your Equated Monthly Installment for home, car, or personal loans.
$
%
Enter values to see results
Monthly Repayment (EMI)
$0.00
Principal Amount
$0.00
Total Interest
$0.00
Total Payment (Principal + Interest)
$0.00
How is EMI calculated?
EMI stands for Equated Monthly Installment. It is calculated using the standard banking formula:
E = P * r * (1+r)^n / ((1+r)^n - 1)
- E is the EMI amount.
- P is the Principal Amount (the initial loan amount).
- r is the monthly interest rate (annual interest rate divided by 12 and then divided by 100).
- n is the loan tenure in months.