Result

Enter values and press Calculate to see your result here.

Your numbers stay in your browser — nothing is sent anywhere.

How this is calculated

EMI = P × r × (1+r)ⁿ ÷ ((1+r)ⁿ − 1)
r = annual rate ÷ 12 ÷ 100, n = tenure in months

EMI splits a loan into equal monthly payments over its tenure. Each instalment contains both interest and principal, calculated using the standard reducing-balance EMI formula.

Frequently Asked Questions

What is EMI?

EMI stands for Equated Monthly Instalment. It is the fixed amount you pay every month towards a loan, which includes both principal and interest.

How is EMI calculated?

EMI is calculated using the formula: EMI = P × r × (1+r)^n / ((1+r)^n - 1), where P is principal, r is monthly interest rate, and n is tenure in months.

Does EMI change for floating rate loans?

Yes. For floating rate loans, the EMI can change when the interest rate changes. Fixed rate loans keep the same EMI throughout.