EMI stands for Equated Monthly Installment. It is a fixed monthly payment made to repay a loan over a specified tenure.

How is EMI calculated?

EMI = P x r x (1 + r)^n / ((1 + r)^n - 1), where P is principal, r is monthly interest rate, and n is tenure in months.

EMI Calculator

Calculate loan EMI with amortization schedule

About this tool

Calculate monthly EMI for home loans, car loans, personal loans, and education loans. View detailed amortization schedule with principal and interest breakdown.

How to use

1Enter loan amount
2Enter interest rate
3Enter loan tenure
4View EMI and amortization schedule

Features

100% free to use
No registration required
Processes locally in your browser
Works on all devices

Privacy

Your data is processed entirely in your browser and never sent to our servers. We have no access to your files or data.

Frequently Asked Questions

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EMI Calculator

Calculate loan EMI with amortization schedule

Loan Amount (₹)

Annual Interest Rate (%)

Loan Tenure (months)

Formula: EMI = P × r × (1 + r)^n / ((1 + r)^n – 1), where P = Principal, r = Monthly interest rate, n = Loan tenure in months.

About this tool

Calculate monthly EMI for home loans, car loans, personal loans, and education loans. View detailed amortization schedule with principal and interest breakdown.

How to use

1Enter loan amount
2Enter interest rate
3Enter loan tenure
4View EMI and amortization schedule

Features

100% free to use
No registration required
Processes locally in your browser
Works on all devices

Privacy

Your data is processed entirely in your browser and never sent to our servers. We have no access to your files or data.

Frequently Asked Questions

Get tool tips & updates

Join 2,000+ users getting weekly tips on free tools, shortcuts & productivity hacks.

Recommended for you

Surfshark VPN

Privacy

Fast, secure VPN for privacy and unrestricted browsing.

Protect

1Password

Secure password manager for teams and individuals.

Secure

Affiliate links — we may earn a commission at no cost to you

Related Tools

Compound Interest Calculator

Calculate compound interest with yearly breakdown

Use tool

Salary Calculator

Calculate in-hand salary from CTC with tax deductions

Use tool

GST Calculator

Calculate GST (CGST, SGST, IGST) instantly

Use tool

Loan Amount (₹)

Annual Interest Rate (%)

Loan Tenure (months)

Formula: EMI = P × r × (1 + r)^n / ((1 + r)^n – 1), where P = Principal, r = Monthly interest rate, n = Loan tenure in months.