Loan EMI Calculator

Calculate your monthly installments and total interest instantly.

Principal Amount

Annual Interest Rate (%)

Tenure (Years)

Monthly EMI

0.00

Total Interest0.00

Total Payback0.00

The EMI Calculation Formula

This calculator uses the standard amortization formula to determine your monthly payments:

$$E = P \times r \times \frac{(1 + r)^n}{(1 + r)^n - 1}$$

Where E is the monthly installment, P is the principal, r is the monthly interest rate, and n is the total number of months.