EMI Calculator
Calculate your monthly EMI, total interest, and loan amortization for home, car, or personal loans. Enter your loan amount, interest rate, and tenure to get started.
What is an EMI Calculator?
An EMI (Equated Monthly Installment) calculator helps you estimate your monthly loan repayment amount, total interest payable, and amortization schedule for any loan—home, car, or personal.
How to use the EMI Calculator?
- Enter your loan amount.
- Enter the annual interest rate (in %).
- Enter the loan tenure in years.
- Click Calculate EMI to see your results.
Frequently Asked Questions
How is EMI calculated?
EMI is calculated using the formula:
EMI = [P × r × (1+r)^n] / [(1+r)^n – 1], where P = principal, r = monthly interest rate, n = number of months.
What is an amortization schedule?
An amortization schedule shows the breakup of each EMI into principal and interest components over the loan tenure.
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