Loan EMI Calculator
Calculate your monthly EMI and view detailed payment schedule
Enter Loan Details
About EMI Calculation
EMI Formula:
EMI = [P × r × (1 + r)^n] ÷ [(1 + r)^n - 1]
Where:
- P = Principal loan amount
- r = Monthly interest rate (Annual rate ÷ 12 ÷ 100)
- n = Total number of monthly payments (Years × 12)
Note: This calculator provides estimates based on the given inputs. Actual EMI may vary based on the lending institution's terms and conditions.