EMI Calculator
Calculate your loan EMI, total interest, and repayment schedule. Plan your home loan, car loan, or personal loan with our comprehensive calculator.
EMI Calculator
Calculate EMI for any loan amount with detailed breakdown
Calculate EMI
EMI Calculation Formula:
EMI = P × r × (1 + r)^n / ((1 + r)^n - 1)
Where: P = Principal, r = Monthly Rate, n = Total Months
EMI Calculation Results
Enter your loan details and click calculate to see EMI results
Why Use Our EMI Calculator?
Get accurate calculations and insights to make informed borrowing decisions
Accurate Calculations
Get precise EMI calculations with our advanced formula engine
Detailed Breakdown
See month-by-month repayment schedule and interest breakdown
Smart Insights
Get personalized loan recommendations and optimization tips
Frequently Asked Questions
What is EMI (Equated Monthly Installment)?
EMI is a fixed payment amount made by a borrower to a lender at a specified date each month. It includes both principal and interest components.
How is EMI calculated?
EMI is calculated using the formula: EMI = P × r × (1 + r)^n / ((1 + r)^n - 1), where P is the principal amount, r is the monthly interest rate, and n is the number of months.
What factors affect EMI amount?
EMI amount depends on three main factors: loan amount (principal), interest rate, and loan tenure (duration). Higher principal or interest rates increase EMI, while longer tenure reduces it.
How can I reduce my EMI?
You can reduce EMI by: 1) Increasing the down payment to reduce loan amount, 2) Choosing a longer loan tenure, 3) Negotiating for lower interest rates, 4) Making prepayments when possible.