Loan EMI Calculator

What is EMI?

EMI, or Equated Monthly Installment, is the fixed amount you pay each month towards repaying your loan. It includes both principal and interest components, ensuring that the loan is paid off within the stipulated tenure.

How EMI is Calculated

Our calculator uses the standard formula:

EMI Formula:

EMI = ((P × R × (1 + R)N) / ((1 + R)N - 1)

  • P = Loan Principal (total loan amount)
  • R = Monthly Interest Rate
  • N = Loan Tenure in months

Features of Our Loan EMI Calculator

  • Quick Calculations: Get EMI results instantly.
  • Breakdown of Payments: View the total interest and total repayment amount.
  • Adjustable Inputs: Modify loan amount, interest rate, and tenure to compare results.
  • Graphical Representation: Visualize the proportion of principal and interest in your payments.
  • User-Friendly Interface: Easy to use for everyone, no technical skills required.

Common Use Cases

  • Financial Planning: Understand your loan repayment structure before committing.
  • Compare Loan Options: Experiment with different interest rates and tenures to find the best deal.
  • Save Time: Avoid manual calculations with instant results.
  • Transparency: Know exactly how much you're paying in interest versus principal.

Start Planning Your Loan Now

Make informed financial decisions with our Loan EMI Calculator. Calculate your monthly repayments and take control of your finances today!