EMI Calculator
Calculate your Equated Monthly Installment for a fixed-rate loan. Used for home, car, and personal loans.
EMI Formula
EMI = P × r × (1 + r)n / ((1 + r)n − 1)
- P = Principal loan amount
- r = Monthly interest rate (annual rate ÷ 12 ÷ 100)
- n = Loan term in months