How is EMI calculated?

EMI = [P × r × (1+r)^n] / [(1+r)^n – 1], where P = loan amount, r = monthly interest rate, n = number of months.

What is the benefit of using this EMI calculator?

It gives instant, accurate results without any data collection. You can adjust loan amount, interest rate, and tenure to plan your finances better.

Calculate your monthly Equated Monthly Installment (EMI) for any loan — home, car, personal, or education.

Loan Amount

Annual Interest Rate (%)

Loan Tenure (Years)