Advanced EMI Calculator

Advanced EMI Calculator

Please enter a valid loan amount
Please enter a valid interest rate
Please enter a valid tenure (1-30 years)
Monthly Payment (EMI):
Total Interest Payable:
Total Payment (Principal + Interest):

EMI Calculator - How to Calculate Your Loan Payments

This online EMI calculator helps you determine your Equated Monthly Installment (EMI) for loans and mortgages. EMI is the fixed payment amount made by a borrower to a lender at a specified date each calendar month.

How to Calculate EMI

Simply enter your loan amount, interest rate, and loan tenure, then click "Calculate EMI". The calculator uses the standard EMI formula:

EMI = [P × R × (1+R)^N] / [(1+R)^N-1]

Where:
P = Principal loan amount
R = Monthly interest rate (annual rate divided by 12)
N = Loan tenure in months

Your result will show:

  • Your exact monthly EMI amount
  • Total interest payable over the loan tenure
  • Total payment (principal + interest)

Understanding Your EMI Results

EMI calculations help you:

  • Plan your monthly budget for loan repayments
  • Compare different loan options
  • Understand the total cost of borrowing
  • Make informed decisions about loan amounts and tenures

For more detailed financial advice, consult your bank or a financial advisor.