Easily calculate your monthly loan EMI using our free and accurate EMI Calculator. Whether you're planning to take a personal loan, home loan, or car loan, this tool helps you estimate your monthly payments with a detailed breakdown of principal and interest. Just enter your loan amount, interest rate, and tenure to calculate!.

How to Use the EMI Calculator

• Enter the total Loan Amount you want to borrow.
• Input the expected Interest Rate (%).
• Select the Loan Tenure in months or years
• Click Calculate EMI

The calculator will show your monthly EMI, total interest payable, and total repayment amount instantly.

(Optional Technical Section)

Formula Used for EMI Calculation

The EMI is calculated using the formula:
EMI = [P x R x (1+R)^N] / [(1+R)^N - 1]
Where:

• P is the loan amount.
• R is the monthly interest rate (annual rate / 12 / 100).
• N is the number of monthly installments