EMI Calculator
Calculate your Equated Monthly Installment (EMI) for Home, Car, or Personal loans.
Loan Details
Enter your loan details to see the monthly payment breakdown.
How EMI is Calculated
The Equated Monthly Installment (EMI) is calculated using the following mathematical formula:
EMI = [P x R x (1+R)^N] / [(1+R)^N-1]
- P: Principal Loan Amount.
- R: Monthly Interest Rate (Annual Rate / 12 / 100).
- N: Loan Tenure in Months (Years × 12).