EMI / Loan Calculator
Enter your loan amount, annual interest rate, and repayment period to calculate your monthly EMI (equated monthly installment), total interest paid, and total repayment.
Frequently Asked Questions
How is EMI calculated?
Using the standard reducing-balance EMI 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 same formula banks use.
Does this account for processing fees or other charges?
No — this calculates the EMI based purely on principal, interest rate, and tenure. Banks and lenders may add processing fees or other charges on top, so check with your specific lender for the full cost.