EMI Calculator

Calculate your monthly loan payment (EMI)

What is EMI?

EMI (Equated Monthly Installment) is a fixed payment amount made by a borrower to a lender at a specified date each calendar month.

Formula: EMI = [P × r × (1 + r)^n] / [(1 + r)^n - 1], where P is principal, r is monthly interest rate, and n is tenure in months.