Calculate your Equated Monthly Installment (EMI) for any loan. Enter loan amount, interest rate, and tenure to get instant results.
EMI (Equated Monthly Installment) is the fixed amount paid by a borrower to a lender at a specified date each calendar month. This calculator helps you determine your monthly EMI amount based on the loan principal, interest rate, and loan tenure.
EMI = [P × R × (1+R)^N] / [(1+R)^N - 1]
Where: P = Principal amount, R = Monthly interest rate, N = Loan tenure in months