EMI Calculator – Calculate Your Monthly Loan EMI Easily
📌 What is EMI?
EMI stands for Equated Monthly Installment, which is the fixed amount you pay every month to repay your loan. It includes both the principal amount and the interest.
📊 How is EMI Calculated?
EMI is calculated using the following standard formula:
EMI = P×R×(1+R)NP × R × (1 + R)^NP×R×(1+R)N / (1+R)N–1(1 + R)^N – 1(1+R)N–1
Where:
- P = Loan Amount
- R = Monthly Interest Rate (Annual Rate ÷ 12 ÷ 100)
- N = Loan Tenure in months
🧮 How Our EMI Calculator Works
Our free online EMI Calculator helps you calculate your monthly installment within seconds. You just need to enter:
- Loan Amount
- Interest Rate
- Loan Tenure (in years or months)
👉 The result is shown in the Indian number format (e.g., ₹5,00,000), making it easy to understand.
✅ Benefits of Using Our EMI Calculator
- ✔️ Instant results
- ✔️ 100% free and easy to use
- ✔️ Works for home loans, car loans, personal loans, etc.
- ✔️ Mobile-friendly and responsive
🔗 Try the EMI Calculator Now:
📌 Conclusion
Before taking any loan, knowing your EMI in advance helps you plan your monthly budget better. Use our EMI Calculator today and make informed financial decisions with confidence.
If you’re also interested in calculating the future value of a one-time investment, check out our handy Lumpsum Calculator for quick and easy results.