EMI Calculator for Home, Car, or Personal Loan

The EMI calculator is designed to determine the monthly EMI payment and total interest amount for a home, car, or personal loan.

%
Monthly EMI:  
Principal Amount
Interest Amount
Principal + Interest

About EMI Calculator

Are you planning to borrow a loan for your car, home, or personal use? Try our EMI Calculator to check the estimated monthly EMI payment and total payable interest before borrowing. Also, it shows a monthly amortization schedule including interest, principal, and loan balance.

Just input the loan amount, rate of interest (%), and loan tenure in years or months. As a result, the tool will return the principal amount, interest amount, and total amount (principal + interest) within a second.

EMI Calculator for Home, Car, or Personal Loan

EMI Calculation Formula

EMI =  
P × R × (1 + R)n
(1 + R)n - 1

Where,
P = Principal amount
R= Rate of interest per month
n = Total number of months or installments