Equated Monthly Installment (EMI) is a fixed payment amount made by a borrower to a lender at a specified date each calendar month.

Free EMI Calculator Online

Principal Amount (₹ or $)

Annual Interest Rate (%)

Tenure (in years)

Formula:

EMI = P × r × (1 + r)^n / ((1 + r)^n - 1)

Where P = Principal, r = monthly interest rate (annual / 12 / 100), n = tenure in months.

About EMI Calculator

Calculate EMI for home, car, or personal loans easily. View principal vs interest visual breakdowns.

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