EMI Calculator: The Complete Guide
Find your Equated Monthly Instalment (EMI) for any loan instantly. Enter the principal, annual interest rate, and tenure to see your fixed monthly payment along with the total interest and total amount payable.
Who the EMI Calculator is for
Borrowers planning a home, car, or personal loan who want to know the exact monthly EMI and total interest before committing.
How to use the EMI Calculator
- Type your values into the fields above — pick your currency or units where the calculator offers them.
- Results update automatically as you type; there's no submit button and nothing is sent to a server.
- Adjust any input to compare scenarios, then copy the result with a single click.
How it works
EMI = P × r × (1 + r)^n ÷ ((1 + r)^n − 1), where P is the loan principal, r is the monthly interest rate, and n is the number of months. The total interest equals EMI × n − P.
Features
- Exact monthly EMI
- Total interest payable
- Any currency & tenure
- Instant, as-you-type
What is an EMI?
An EMI (Equated Monthly Instalment) is the fixed amount you repay each month over a loan's tenure. Each EMI covers part interest and part principal; early instalments are mostly interest, while later ones are mostly principal. This calculator shows the EMI and the total interest you'll pay across the loan.