Free EMI Calculator Tool – Calculate Your Monthly Loan Payments Instantly
EMI Calculator FAQs
Find answers to common questions about EMI calculation, formula, and loan repayment.
EMI (Equated Monthly Installment) is the fixed monthly amount you pay to repay your loan, including both principal and interest.
The EMI Calculator uses the standard formula:
EMI = [P × R × (1+R)^N] / [(1+R)^N – 1]
where P = Loan Amount, R = Monthly Interest Rate, N = Number of Months.
You only need the loan amount, interest rate, and tenure to calculate your EMI instantly.
Yes! The tool supports all loan types, including personal, home, car, education, and business loans.
Yes, it provides precise results using standard financial formulas. Minor differences may occur based on lender-specific terms.
Absolutely! It’s 100% free, online, and doesn’t require registration or downloads.