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Loan EMI Calculator
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Loan EMI Calculator

Calculate Equated Monthly Installments (EMI)

About Loan EMI Calculator

Calculate Equated Monthly Installments (EMI) for loans. EMI is a fixed payment amount made by a borrower to a lender at a specified date each calendar month. This calculator helps you understand your monthly payment obligations.

EMI Calculation Tips

  • EMI Formula: EMI = P × r × (1 + r)^n / ((1 + r)^n - 1)
  • P: Principal loan amount
  • r: Monthly interest rate (annual rate ÷ 12)
  • n: Total number of months
  • Prepayment: Reduces total interest and loan term
  • Processing Fee: One-time charge for loan processing

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