How is EMI calculated?

EMI = P × r × (1+r)^n / ((1+r)^n − 1), where P is the loan principal, r is the monthly interest rate (annual rate ÷ 12), and n is the total number of monthly installments.

What does EMI stand for?

EMI stands for Equated Monthly Installment — a fixed monthly payment made to repay a loan over a set period, covering both principal and interest.

How can I reduce my EMI?

You can reduce your EMI by choosing a longer loan tenure, making a larger down payment, negotiating a lower interest rate, or making partial prepayments.

Loan & EMI

Loan / EMI Calculator

Calculate your monthly payment, total interest, and full amortization schedule.

Loan Type

Loan Amount

Annual Interest Rate (%)

Loan Tenure (Years)

Currency Symbol

Results appear here

Enter loan details and click Calculate EMI

You might also need

SIP Calculator

Compound Interest

Savings Goal

FD Calculator