EMI Calculator
Monthly loan installment, total interest and full amortization total.
How this emi calculator works
The emi calculator takes the numbers you enter and applies a standard formula for this kind of calculation, showing the result instantly with no page reload. Monthly loan installment, total interest and full amortization total.
Everything runs client-side in JavaScript, so your inputs never leave your device — there's no server, no account and no tracking involved in getting your answer.
Frequently asked questions
EMI = P × r × (1+r)ⁿ ÷ ((1+r)ⁿ − 1), where P is the principal, r is the monthly interest rate, and n is the number of monthly installments.
Yes, all else equal — but tenure matters just as much. A longer tenure lowers the monthly EMI while increasing total interest paid over the life of the loan.