EMI Calculator
Estimate monthly loan EMI, total interest, and total payment from principal, annual rate, and tenure. Runs locally.
Symbol only — amounts are not converted between currencies.
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Monthly EMI
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Total interest
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Total payment
Example
Principal 500,000, rate 8.5%, tenure 60 months → EMI ≈ 10,258.27.
FAQ
EMI = P × r × (1+r)n / ((1+r)n − 1), where r is the monthly rate (annual % ÷ 12 ÷ 100) and n is tenure in months. If r = 0, EMI = P / n.
No — it’s an estimate using the standard reducing-balance EMI formula. Lender fees, compounding conventions, and rounding may differ.