Loan EMI

–Monthly EMI
–Total interest
–Total payment

Percentage

How to use

  1. Enter loan amount, yearly interest rate and tenure.
  2. Click Calculate EMI.
  3. Use the percentage section for quick % maths.

Frequently asked questions

What is EMI?

Equated Monthly Instalment — the fixed amount you pay each month on a loan.

Which formula is used?

EMI = P × r × (1+r)^n / ((1+r)^n − 1), with r the monthly rate.

Is the result exact?

It is accurate for standard reducing-balance loans; your bank may round differently.

Can I use it for any currency?

Yes, the maths is the same for every currency.

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