About the EMI Calculator
The EMI Calculator works out your monthly loan instalment (EMI) from the loan amount, interest rate and tenure. See your monthly payment, total interest and total repayment before you borrow.
How to use the EMI Calculator
- Enter the loan amount.
- Enter the annual interest rate and tenure in months or years.
- See your monthly EMI, total interest and total payable.
Frequently Asked Questions
How is EMI calculated?
EMI uses the standard reducing-balance formula: P×r×(1+r)^n / ((1+r)^n−1), where P is principal, r is the monthly rate and n is the number of months.
Does it work for home, car and personal loans?
Yes, the same formula applies to home, car, personal and education loans — just enter your figures.
Is my financial data stored?
No. All calculations run in your browser and nothing is saved or sent anywhere.
Is the EMI Calculator free?
Yes, it is completely free with no registration.