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EMI Calculator

Calculate Equated Monthly Installments with full amortization schedule.

Introduction

EMI Calculator — Calculate Equated Monthly Installments with full amortization schedule. Enter Loan amount, Annual rate (%), Tenure (years) to get an instant, accurate result.

Formula

EMI = P·r·(1+r)ⁿ / ((1+r)ⁿ − 1), where r is the monthly interest rate and n is the number of monthly payments.

Step-by-step

  1. Enter the Loan amount.
  2. Enter the Annual rate (%).
  3. Enter the Tenure (years).
  4. Click Calculate to see your result instantly.

Real-world example

Example: With Loan amount = 500000, Annual rate (%) = 9.5, Tenure (years) = 5, the EMI Calculator gives Monthly Payment: 10500.9307, Total Interest: 130055.8393, Total Paid: 630055.8393.

Frequently Asked Questions

Does the EMI change over the loan term?
No, the EMI is fixed — only the split between principal and interest within each payment changes over time.
What is included in "total interest"?
The sum of the interest portion of every monthly payment across the full loan term.
What inputs does the EMI Calculator need?
You'll need to provide: Loan amount, Annual rate (%), Tenure (years). All fields use sensible defaults, so you can see a working example immediately and then adjust the values to match your own numbers.
How accurate is the EMI Calculator?
The EMI Calculator applies the formula exactly as calculated — EMI = P·r·(1+r)ⁿ / ((1+r)ⁿ − 1), where r is the monthly interest rate and n is the number of monthly payments. — so results are precise for the inputs you provide. Accuracy depends on entering correct, realistic input values.
Are these results guaranteed?
No. The EMI Calculator gives an estimate based on the numbers you enter and standard financial formulas — actual rates, fees, taxes, and terms vary by lender, institution, and jurisdiction, and can change over time. This is not financial advice; consult a qualified financial professional for decisions specific to your situation.
Is the EMI Calculator free to use?
Yes, the EMI Calculator is completely free, requires no signup, and runs instantly in your browser.

About the EMI Calculator

The EMI Calculator uses a real, verifiable formula — EMI = P·r·(1+r)ⁿ / ((1+r)ⁿ − 1), where r is the monthly interest rate and n is the number of monthly payments. — so results are accurate every time, not an approximation.