Loan EMI Calculator
Calculate your monthly EMI for home loans, car loans, or personal loans. See total interest and payment breakdown instantly.
How It Works
Enter Loan Amount
Input the total loan amount you want to borrow.
Set Interest & Tenure
Enter the annual interest rate and loan duration.
View EMI Details
See your monthly EMI and total payment breakdown.
Frequently Asked Questions
What is EMI?
EMI (Equated Monthly Installment) is a fixed payment amount made by a borrower to a lender at a specified date each month. It includes both principal and interest components.
How is EMI calculated?
EMI is calculated using the formula: EMI = P x r x (1+r)^n / ((1+r)^n - 1), where P is principal, r is monthly interest rate, and n is number of months.
What factors affect EMI?
EMI depends on three factors: loan amount (higher amount = higher EMI), interest rate (higher rate = higher EMI), and loan tenure (longer tenure = lower EMI but more total interest).