What is EMI?
EMI (Equated Monthly Installment) is the fixed amount that you pay every month to repay a loan. It includes both principal amount and interest.
How EMI is Calculated
EMI is calculated using loan amount, interest rate and loan tenure. Banks and financial institutions use a standard formula to calculate EMI. Our EMI calculator uses the same formula to give you accurate results instantly.
Why Use Our EMI Calculator?
- Free and easy to use
- Instant results
- Supports years and months
- Works for home, car and personal loans
Frequently Asked Questions
Yes. It uses the same EMI formula used by banks and financial institutions.
Yes. You can calculate EMI for home loan, car loan, education loan and personal loan.
Yes. Our EMI calculator is completely free to use.