EMI Calculator
Calculate Equated Monthly Installment for loans
Calculator
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%
Yr
Your Monthly EMI
₹43,391
EMI Calculator
An Equated Monthly Installment (EMI) is a fixed payment amount made by a borrower to a lender at a specified date each calendar month. Equated monthly installments are used to pay off both interest and principal each month so that over a specified number of years, the loan is paid off in full.
Formula for EMI Calculation
E = P x r x (1+r)^n / ((1+r)^n - 1)