Calculate your Loan EMI instantly
Plan your loans effectively
Knowing your exact EMI helps you budget your monthly expenses better and avoid financial stress.
Understand how much of your payment goes towards interest versus principal repayment.
Experiment with different loan amounts, tenures, and interest rates to find the best suitable plan.
Get instant results without complex manual calculations or visiting the bank.
See how total interest changes with tenure, helping you decide if you should prepay.
Choose the right tenure balance between a lower monthly EMI and lower total interest payout.
EMI stands for Equated Monthly Installment. It is a fixed amount of money that you pay to a bank or lender at a specified date each calendar month. EMIs are used to pay off both interest and principal each month so that over a specified number of years, the loan is fully paid off along with interest.
The original loan amount you borrowed.
The cost of borrowing money.
Time period to repay loan.
Common queries about EMI
The formula for EMI calculation is: P x R x (1+R)^N / [(1+R)^N-1], where P is Loan Amount, R is Monthly Interest Rate, and N is Loan Tenure in Months.