EMI Calculator

Calculate Equated Monthly Installment for home, car, or personal loans

Loan Amount (₹)

Annual Interest Rate (%)

Loan Tenure

EMI Formula

EMI = P × r × (1+r)ⁿ / [(1+r)ⁿ − 1], where P = principal, r = monthly rate (annual rate ÷ 12), n = number of months. Used for home loans, car loans, personal loans, and education loans in India.