Loan EMI Calculator

Calculate Equated Monthly Installment (EMI) for loans. Perfect for personal loans, home loans, and car loans.

Loan EMI Calculator

Calculate Equated Monthly Installment (EMI) for loans. Perfect for personal loans, home loans, and car loans.

Loan Details

Loan Amount

Interest Rate (% per annum)

Loan Tenure

EMI Results

Enter loan details and click "Calculate EMI" to see results.

About This Calculator

Calculate EMI for loans and understand total repayment across term options.

Formula

EMI = [P * r * (1+r)^n] / [(1+r)^n - 1]

Example

For principal 1,000,000 at 10% annual over 120 months, convert rate to monthly and apply EMI formula.

When to Use

Comparing tenure options
Budget planning before borrowing
Evaluating refinancing terms

Best Practices

Shorter tenure increases EMI but lowers total interest
Round EMI after final computation
Check lender processing fees separately

FAQ

Is EMI fixed for entire loan?

Fixed-rate loans usually keep EMI stable; floating-rate loans may change over time.

Can I prepay without penalty?

Depends on lender terms; verify charges before deciding.

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