EMI Calculator
Calculate your monthly EMI (Equated Monthly Installment) for loans. Free online EMI calculator with detailed amortization schedule.
📋 Loan Details
EMI Formula:
EMI = P × r × (1+r)ⁿ / ((1+r)ⁿ - 1)
P = Principal, r = Monthly Rate, n = Months
One-time prepayment amount
After how many months?
💡 Tips to Reduce EMI
- Make prepayments to reduce principal
- Choose longer tenure for lower EMI
- Compare interest rates from multiple banks
- Negotiate for lower processing fees
How to Calculate EMI
Calculate your monthly loan EMI in 3 steps
1
Enter Loan Amount
Enter the principal loan amount you want to borrow.
2
Set Interest Rate
Enter the annual interest rate offered by your bank.
3
Choose Tenure
Select loan duration in years or months and calculate.
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