FinanceCalculators
EMI Calculator
Work out the monthly EMI for a loan from the amount, annual interest rate and tenure, with total interest payable.
Enter the loan amount, interest rate and tenure to calculate your EMI.
How EMI is calculated
EMI (Equated Monthly Installment) uses the reducing-balance formula EMI = P × r × (1+r)^n ÷ ((1+r)^n − 1), where P is the principal, r is the monthly interest rate and n is the number of months.
Example
A Rs 500,000 loan at 12% for 5 years works out to roughly Rs 11,122 per month, with total interest of about Rs 167,000 over the loan term.
Frequently Asked Questions
Enter the annual interest rate. The calculator converts it to a monthly rate internally.