EMI is the fixed monthly payment on a loan. Each payment covers interest and part of the principal.

Which formula is used?

EMI = P × r × (1+r)^n / ((1+r)^n − 1), where r is the monthly rate and n is the number of months.

Which loans does this cover?

Any loan that uses a standard fixed monthly payment, such as a home, car, or personal loan.

EMI Calculator

Calculate the monthly loan payment, total interest, and repayment schedule.

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About EMI Calculator

Enter the loan amount, yearly interest rate, and tenure to see the equated monthly installment. The schedule shows how each payment splits between principal and interest. Choose dollars, euros, or another currency. Nothing is sent to a server.

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