EMI Calculator

Calculate Equated Monthly Installment (EMI) for loans. Plan your finances better. Works for home loans, car loans, personal loans, and all loan types worldwide.

This free EMI calculator helps you calculate your Equated Monthly Installment for loans instantly. It works online, requires no signup, and supports all loan types (home, car, personal, education) worldwide. This EMI calculator works for all loan types worldwide. Currency does not affect EMI calculation as long as values are consistent.

EMI Formula

EMI = P × r × (1+r)^n / ((1+r)^n − 1)

Where:

P = Loan Amount (Principal)
r = Monthly Interest Rate (Annual Rate ÷ 12 ÷ 100)
n = Loan Tenure (in months)

This is the standard formula used by banks and financial institutions worldwide for calculating Equated Monthly Installments.

Loan Amount (Principal)

Example: 500000

Annual Interest Rate (%)

Example: 8.5

Loan Tenure

Example: 20 (whole numbers only)

Tenure Unit

Select years or months

100% Free

No Signup

Works Worldwide

Privacy First

How to Use

Enter the loan principal amount, annual interest rate, and loan tenure. Select tenure in years or months. Click Calculate to get your monthly EMI, total payment, and total interest payable.

Use Cases

Home Loans: Calculate monthly EMI for home loans and plan your housing finance.
Car Loans: Plan your car purchase by calculating monthly EMI for vehicle loans.
Personal Loans: Calculate EMI for personal loans and manage your finances better.
Education Loans: Plan education financing by calculating EMI for student loans.

Accuracy Disclaimer

This EMI calculator provides results based on standard EMI formulas used by financial institutions. The calculation uses the formula: EMI = [P × R × (1+R)^N] / [(1+R)^N - 1]. Actual EMI may vary slightly based on bank policies, processing fees, rounding off, and other charges. Always verify with your lender for exact EMI amounts. Banks may round EMI values to the nearest rupee.

Frequently Asked Questions

Common EMI Calculations

₹50,00,000 at 8.5% for 20 years

Monthly EMI: Approximately ₹43,391

Total Interest: ₹54,13,840

₹10,00,000 at 10% for 5 years

Monthly EMI: Approximately ₹21,247

Total Interest: ₹2,74,820

₹25,00,000 at 9% for 15 years

Monthly EMI: Approximately ₹25,365

Total Interest: ₹20,65,700

₹5,00,000 at 12% for 3 years

Monthly EMI: Approximately ₹16,607

Total Interest: ₹97,852

About EMI Calculator

Our free online EMI calculator helps you calculate your Equated Monthly Installment (EMI) for loans instantly. Whether you're planning a home loan, car loan, personal loan, or education loan, this tool helps you understand your monthly payment obligations.

This EMI calculator works for all loan types worldwide. Currency does not affect EMI calculation as long as values are consistent. The calculator uses the standard formula used by banks and financial institutions: 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. The calculator shows your monthly EMI, total amount payable over the loan tenure, and total interest payable.

All calculations happen locally in your browser, ensuring complete privacy. No data is stored or transmitted. The tool is completely free to use with no registration required. Works perfectly on mobile devices, tablets, and desktops worldwide. Note: Actual EMI may vary based on bank policies, processing fees, rounding off, and other charges. Always verify with your lender.