EMI Calculator
Calculate your Equated Monthly Installment with ease
Loan Details
Enter the principal loan amount
Annual interest rate percentage
Loan duration in years
EMI Breakdown
Monthly EMI
₹0
Total Amount Payable
₹0
Total Interest
₹0
How EMI is Calculated
EMI Formula
EMI = [P × R × (1+R)^N] / [(1+R)^N - 1]
P = Principal loan amount
R = Monthly interest rate
N = Total number of months
Key Benefits
- • Fixed monthly payment amount
- • Easy budget planning
- • Predictable repayment schedule
- • Helps in financial planning