EMI Calculator
Calculate Equated Monthly Installments for loans and credit facilities.
Payment Breakdown
Monthly EMI: -
Total Interest: -
Total Payment: -
EMI Calculation Formula
EMI is calculated using the standard amortization formula:
EMI = [P × r × (1 + r)n] / [(1 + r)n - 1]
- P = Principal loan amount
- r = Monthly interest rate (Annual Rate ÷ 12 ÷ 100)
- n = Loan tenure in months