Equated Monthly Installment (EMI) Calculator

Calculate your Equated Monthly Installment for any loan

EMI Calculator

$
Principal loan amount
%
Annual interest rate
Years
Loan repayment period

Common Loan Types

Car Loan

Typical rate: 8-12%
Tenure: 3-7 years

Personal Loan

Typical rate: 10-18%
Tenure: 1-5 years

Home Loan

Typical rate: 7-9%
Tenure: 15-30 years

Understanding EMI

EMI (Equated Monthly Installment) is a fixed payment amount made by a borrower to a lender at a specified date each calendar month. EMIs are used to pay off both interest and principal each month.

EMI Components:

  • Principal: The original loan amount
  • Interest: The cost of borrowing
  • Tenure: The repayment period

Loan Tips:

  • Loan amount - Higher amount means higher EMI
  • Interest rate - Higher rate increases EMI
  • Tenure - Longer tenure reduces EMI but increases total interest