Total Interest: ₹ 0
Total Payment: ₹ 0
EMI (Equated Monthly Installment) is the fixed amount paid every month towards a loan. This calculator helps you estimate your monthly payments, total interest, and repayment amount.
EMI = [P × R × (1+R)^N] / [(1+R)^N – 1]
What is EMI?
EMI is a fixed monthly payment made towards loan repayment.
How is EMI calculated?
It is calculated using principal, interest rate, and tenure.
Can I use this for home loans?
Yes, it works for home, car, and personal loans.