Calculate your Equated Monthly Installment (EMI) for loans based on loan amount, interest rate, and tenure.
Monthly EMI: 0
Total Interest: 0
Total Payment: 0
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About EMI

EMI (Equated Monthly Installment) is the fixed monthly amount paid by a borrower to a lender. It includes both principal and interest.

How EMI Is Calculated

EMI is calculated using a standard financial formula that considers the loan amount, monthly interest rate, and total number of payments.

Financial Advice

Always choose a loan tenure that balances affordable monthly payments with reasonable total interest. Lower tenure reduces interest but increases EMI.

FAQs

Is this EMI exact? It is an accurate estimate based on standard formulas.
Does EMI change? Fixed-rate loans keep EMI constant; floating-rate loans may change.
Can I prepay? Many loans allow prepayment to reduce interest burden.