EMI Calculator

What is EMI?

EMI (Equated Monthly Installment) is the fixed amount you pay every month towards your loan repayment.Every EMI consists of two parts:

  • Principal Amount
  • Interest Amount

Disclaimer : Enter numbers in your local currency — the calculation works the same regardless of currency.


Loan Details

EMI Formula

EMI = P × R × (1 + R)N ÷ [(1 + R)N − 1]

Where,

  • P = Loan Amount
  • R = Monthly Interest Rate
  • N = Loan Tenure in Months

Example

Loan Amount : 10,00,000

Interest Rate : 8.5%

Tenure : 20 Years

Monthly EMI : 8,678