EMI Calculator

Calculate Your Loan EMI Instantly

Calculate your loan EMI with our free EMI calculator. Get instant results for home loans, car loans, and personal loans with detailed amortization schedule.

What is EMI?

EMI stands for Equated Monthly Installment. It is the fixed amount you pay each month to repay your loan.

How is EMI calculated?

EMI is calculated using the formula: E = P * r * (1+r)^n / ((1+r)^n - 1), where P is principal, r is monthly interest rate, and n is number of months.