Calculate your Equated Monthly Installment (EMI) for any loan. Enter your loan amount, interest rate, and tenure to get instant results.
EMI Calculator
How EMI is Calculated
EMI is calculated using the formula:
EMI = [P x R x (1+R)^N] / [(1+R)^N-1]
- P = Principal loan amount
- R = Monthly interest rate
- N = Number of monthly installments