EMI (Loan) Calculator
Free, secure, and running entirely in your browser.
Mastering Your EMI
Everything you need to know to make the best financial decisions.
How it Works
- Input your total loan amount.
- Set your annual interest rate.
- Select the loan tenure in years.
- Instantly view your monthly EMI, total interest, and full amortization schedule.
The Formula
EMI = P × r × (1 + r)^n / ((1 + r)^n - 1)
P = Principal amount
r = Monthly interest rate
n = Total number of months
P = Principal amount
r = Monthly interest rate
n = Total number of months
Pro Tip
"Paying just one extra EMI per year can shave years off your mortgage and save you thousands in interest!"