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

How is EMI calculated?

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

Loan EMI Calculator

Calculate your monthly loan EMI (Equated Monthly Installment) online for free. Enter loan amount, interest rate, and tenure to see monthly payments and total interest.

Loan Amount

Annual Interest Rate (%)

Tenure

How to Use Loan EMI Calculator

Enter the loan amount.
Enter the annual interest rate.
Enter the loan tenure in months or years.
View monthly EMI, total interest, and total payment.

Frequently Asked Questions

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