EMI Calculator
EMI (Equated Monthly Installment) calculator helps determine the fixed monthly payment amount towards a loan, considering the loan amount, interest rate, and loan tenure.
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EMI Calculator
Equated Monthly Installment:
0 INR
Total Interest Payable:
0 INR
Total of Payments (Principal + Interest):
0 INR
Here’s a simple formula to calculate EMI:
Where:
- � = Principal loan amount
- � = Monthly interest rate (annual rate divided by 12 and multiplied by 0.01)
- � = Loan tenure in months