Free EMI Calculator Online
Calculate your monthly EMI instantly using our advanced and accurate EMI calculator. Plan your home loan, car loan, or personal loan with confidence using detailed EMI breakdown.
Loan EMI Calculator
What is EMI?
EMI (Equated Monthly Installment) is the fixed amount paid every month towards loan repayment. It consists of both principal and interest components. EMI remains constant throughout the tenure, allowing borrowers to plan their finances efficiently.
EMI Calculation Formula
Where P is the principal amount, R is the monthly interest rate, and N is the total number of months. This calculator uses the exact banking formula used by financial institutions.
How to Use EMI Calculator?
- Enter the loan amount.
- Enter annual interest rate.
- Enter loan tenure in years.
- Click Calculate to see EMI breakdown.
Why Use Our EMI Calculator?
- Instant and accurate results
- Works for home, car & personal loans
- No registration required
- 100% free tool
- Mobile responsive design
Factors Affecting EMI
EMI depends on loan amount, interest rate, and tenure. Higher tenure reduces EMI but increases total interest. Lower interest rates significantly reduce total payable amount.