Planning an international loan? Convert EMI amount to USD, EUR & more →
Use our EMI Calculator to instantly calculate your monthly loan EMI for home loans, personal loans, car loans, and education loans. Enter the loan amount, interest rate, and tenure to get an accurate EMI, total interest payable, and a detailed amortization schedule.
EMI (Equated Monthly Installment) is the fixed amount you pay every month to repay a loan. It consists of both principal and interest.
To calculate EMI, you need the following details:
EMI = [P × R × (1 + R)N] / [(1 + R)N − 1]
Where R is the monthly interest rate (annual interest rate ÷ 12 ÷ 100).
Instead of manual calculation, our online EMI Calculator gives instant and error-free results.
Loan costs include multiple components like interest, processing fees, and GST. This calculator provides a transparent breakdown so you can plan better and avoid surprises.
EMI (Equated Monthly Installment) is the fixed monthly payment made towards loan repayment, including both principal and interest.
EMI is calculated using the standard formula: EMI = [P × r × (1+r)^N] / [(1+r)^N − 1], where P is loan amount, r is monthly interest rate, and N is tenure in months.
Yes. This EMI Calculator works for home loans, personal loans, car loans, education loans, and most other loan types.
GST is applicable only on the processing fee, not on interest or principal. This calculator includes GST where applicable.
The calculator uses standard banking formulas. Results are estimates and final EMI may vary based on lender policies.