Loan EMI Calculator
Calculate your monthly EMI, total interest, and view complete payment schedule for loans.
Loan Details
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EMI Results
Your EMI calculation results will appear here...
What is EMI?
EMI (Equated Monthly Installment) is the fixed monthly payment you make to repay your loan. It includes both principal and interest components.
Formula:
EMI = P × r × (1 + r)^n / ((1 + r)^n - 1)
Where: P = Principal, r = Monthly Rate, n = Total Months
Loan Tips
- Compare rates from multiple lenders
- Consider prepayment options
- Factor in all additional charges
- Ensure EMI fits your budget
Payment Schedule
Payment schedule will appear here after calculation...