EMI Calculator
Calculate Equated Monthly Instalment (EMI) for loans. Free, fast and private.
Your result will appear here.
Formula: EMI = P × r × (1+r)n ÷ ((1+r)n − 1), where r = annual rate ÷ 12 ÷ 100 and n = months. Results are indicative estimates — actual EMIs depend on your lender's terms and fees.
How to use EMI Calculator
- Enter the loan amount (principal).
- Enter the annual interest rate and the tenure in months.
- Click Calculate EMI to see your monthly instalment, total interest and total payable.
Note: this tool runs in your browser. Nothing is uploaded.
Frequently Asked Questions
What is EMI?
EMI (Equated Monthly Instalment) is the fixed amount you pay every month towards a loan, covering both principal and interest.
How is EMI calculated?
EMI = P × r × (1+r)ⁿ ÷ ((1+r)ⁿ − 1), where P is the principal, r is the monthly interest rate and n is the number of months.
Does a longer tenure reduce EMI?
Yes, but you pay more total interest. A shorter tenure means higher EMI but less interest overall.
Is this EMI calculator free?
Yes, it is 100% free with no sign-up. Your data stays in your browser.