EMI Calculator
Calculate your Equated Monthly Installment for loans.
Parameters
Monthly EMI
0
Principal Amount
10,00,000
Total Interest
0
Total Payment
0
Loan Breakdown
Principal vs. Interest
Amortization Details
About EMI Calculator
An Equated Monthly Installment (EMI) is a fixed payment amount made by a borrower to a lender at a specified date each calendar month. This calculator helps you determine your monthly loan payment, the total interest you'll pay, and the amortization schedule. It is essential for anyone taking out a loan (home, car, personal) to understand their monthly financial commitment and the total cost of borrowing.
E = P × r × (1 + r)^n / ((1 + r)^n - 1)
- E: EMI (Equated Monthly Installment)
- P: Principal Loan Amount
- r: Monthly Interest Rate (Annual Rate / 12 / 100)
- n: Loan Tenure in Months (Years * 12)