EMI Calculator
Calculate monthly installments for any loan with a detailed breakdown.
$
$1,000$5,000,000
% p.a.
0.1%30%
years
1 yr30 yrs
Results
Monthly EMI
$2,027.64
Total Interest
$21,658.37
Total Payable$121,658.37
EMI = P × r × (1+r)^n / ((1+r)^n - 1) = $2,027.64/mo
What is EMI?
EMI (Equated Monthly Installment) is a fixed payment made monthly to repay a loan over a set period.
The formula: EMI = P × r × (1+r)^n / ((1+r)^n - 1) where P = principal, r = monthly rate, n = months.
EMI calculators help you understand your monthly obligations before taking a loan.