EMI Calculator
Calculate your Equated Monthly Installment for loans with our accurate EMI calculator
EMI Calculator
Calculate your Equated Monthly Installment (EMI) for home loans, personal loans, and car loans.
How EMI is Calculated?
EMI = [P × R × (1+R)^N] / [(1+R)^N-1]
Where P = Principal loan amount, R = Monthly interest rate, N = Number of monthly installments