How to Use the Loan EMI Calculator
- Enter the loan principal amount.
- Set the annual interest rate offered by your lender.
- Choose tenure in years or months.
- View monthly EMI, total interest, and total payment.
- Use Advanced Options for inflation-adjusted total payment value.
Examples & Reference
EMI = P × r × (1 + r)^n / [(1 + r)^n − 1], where P is principal, r is monthly interest rate, and n is tenure in months.
Frequently Asked Questions
Equated Monthly Installment (EMI) is a fixed payment comprising principal and interest, spread evenly across the loan tenure.