EMI Calculator

About EMI Calculator

The EMI (Equated Monthly Installment) Calculator is a simple tool that helps you estimate your monthly loan repayments. It is useful for anyone planning to take a home loan, car loan, personal loan, or education loan. By knowing your EMI in advance, you can manage your finances better and choose a repayment plan that fits your budget.

The calculator works on the standard formula:
EMI = [P × r × (1+r)ⁿ] ÷ [(1+r)ⁿ – 1]
where P = Loan Amount, r = Monthly Interest Rate, and n = Tenure in Months.

How to Use

1. Enter your loan amount.
2. Enter the interest rate (annual %).
3. Enter the loan tenure (in months or years).
4. Click Calculate EMI to see the monthly payment.

Benefits

• ✔ Get instant and accurate EMI results
• ✔ Helps in effective financial planning
• ✔ Compare different loan options easily
• ✔ Saves time – no manual calculations needed
• ✔ Free and accessible on any device