EMI Calculator
Calculate your monthly loan EMI based on principal, interest rate, and tenure.
🔒 No uploads⚡ Instant🆓 Free
How It Works
1
Enter the loan amount, annual interest rate, and tenure.
2
Choose tenure in years or months.
3
See your monthly EMI, total interest, and total amount.
Features
✓Standard EMI formula (reducing balance)
✓Tenure in years or months
✓Indian rupee formatting
✓Real-time calculation
✓Works offline
Frequently Asked Questions
How is EMI calculated?▼
EMI is calculated using the standard formula: EMI = P × r × (1+r)^n / ((1+r)^n – 1), where P is principal, r is monthly interest rate, and n is number of months.
Is this for flat or reducing balance?▼
This calculator uses the reducing balance method, which is the standard used by most banks.
Related Tools
%
Percentage Calculator
Calculate percentages, percentage change, and percentage of a number easily.
🎂
Age Calculator
Calculate your exact age in years, months, and days from your date of birth.
⚖️
BMI Calculator
Calculate your Body Mass Index and find your weight category.
📅
Date Difference Calculator
Find the exact number of days, weeks, and months between two dates.