EMI Calculator
Calculate your Equated Monthly Installment for home loan, car loan, personal loan with our advanced EMI calculator tool. Plan your finances better.
Calculate Your EMI
Fill in the details below to calculate your monthly installment
Your EMI Calculation
Based on your inputs, here's the breakdown:
Monthly EMI
for 20 years
Total Payment
Principal Amount
Total Interest
Interest Percentage
Fast & Accurate Calculations
Get precise EMI calculations in seconds with our advanced algorithm.
Visual Payment Breakdown
Understand your payment distribution with detailed charts and graphs.
Mobile Friendly
Use our calculator on any device - desktop, tablet, or smartphone.
Frequently Asked Questions
An EMI calculator is a financial tool that helps you calculate the monthly installment (EMI) you need to pay towards your loan. It takes into account the loan amount, interest rate, and loan tenure to compute the EMI amount accurately.
EMI is calculated using the formula: EMI = P × r × (1 + r)^n / ((1 + r)^n - 1) where P is the loan amount, r is the monthly interest rate, and n is the number of monthly installments.
The three main factors that affect your EMI are:
- Loan Amount: Higher the loan amount, higher the EMI
- Interest Rate: Higher interest rate increases your EMI
- Loan Tenure: Longer tenure reduces your EMI but increases total interest paid
Yes, the basic EMI calculator is free to use. We also offer a premium version with additional features like saving calculations, advanced reports, amortization schedule, and customization options.
Ready to Plan Your Loan EMIs?
Join thousands of users who trust our EMI calculator for their financial planning.
