EMI Calculator

Calculate your Equated Monthly Installment with detailed breakdown

Loan Details

Enter the total amount you want to borrow

Annual interest rate offered by the lender

Duration for which you want to take the loan

How EMI is Calculated

EMI is calculated using the formula: P × r × (1 + r)^n / ((1 + r)^n - 1)

Where P = Principal loan amount, r = Monthly interest rate, n = Number of monthly installments