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EMI Calculator

Calculate your monthly EMI for any loan. Principal, interest rate, and tenure. Free, accurate, no sign-up.

๐Ÿ“– Read the complete EMI Calculator guide โ†’

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๐Ÿ”’ All calculations happen in your browser. No data is sent to any server. No sign-up required.
Monthly EMI

Formula

EMI = P ร— r ร— (1+r)โฟ รท [(1+r)โฟ โˆ’ 1]

Example

500,000 at 12% for 60 months โ†’ EMI = 11,122

Frequently Asked Questions

What does EMI stand for?

Equated Monthly Instalment โ€” a fixed monthly loan repayment amount covering both principal and interest.

Does EMI change over the loan period?

In a fixed-rate loan, EMI stays constant. The split between principal and interest changes each month.

How can I reduce my EMI?

Increase tenure, make a larger down payment, or negotiate a lower interest rate.

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