EMI Calculator
Calculate your Equated Monthly Installment (EMI) for any loan amount.
Loan Details
How EMI is Calculated
EMI (Equated Monthly Installment) is calculated using the following formula:
EMI = P × r × (1 + r)^n / ((1 + r)^n - 1)
- P = Principal loan amount
- r = Monthly interest rate (Annual rate / 12 / 100)
- n = Loan tenure in months