EMI / Loan Calculator
Calculate your monthly loan installment (EMI) for home, car or personal loans. Enter the principal, annual interest rate and tenure to see your EMI, total interest and a full amortization table.
How It Works & Formula
The EMI is calculated as EMI = P x r x (1+r)^n / ((1+r)^n - 1), where P is principal, r is the monthly interest rate, and n is the number of months.
Frequently Asked Questions
What does EMI mean?
EMI (Equated Monthly Installment) is the fixed monthly payment you make to repay a loan, covering both principal and interest.
How can I reduce my EMI?
Increase the tenure, make a larger down payment, or negotiate a lower interest rate to reduce your monthly installment.
Does it show the full schedule?
Yes, the calculator generates an amortization table showing interest, principal and remaining balance for each month.