Loan EMI Calculator

Calculate your monthly EMI for personal loan, home loan, car loan, and business loan

Calculate Your EMI

₹10K ₹1 Cr
5% 30%
6 Months 30 Years

Your EMI Details

Monthly EMI ₹16,134
Principal Amount ₹5,00,000
Total Interest ₹80,824
Total Amount ₹5,80,824
Principal: 86%
Interest: 14%
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How EMI is Calculated?

EMI (Equated Monthly Installment) is calculated using the following formula:

EMI = [P x R x (1+R)^N] / [(1+R)^N-1]

Where:

  • P = Principal loan amount
  • R = Monthly interest rate (Annual rate / 12 / 100)
  • N = Loan tenure in months

Benefits of Using EMI Calculator

  • ✅ Instant calculation of monthly EMI amount
  • ✅ Compare different loan amounts and tenures
  • ✅ Plan your budget effectively
  • ✅ Understand total interest payable
  • ✅ Make informed borrowing decisions

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