Online EMI Calculator

EMI Calculator for Home, Personal, Car, Bike, Education, and Business Loans. Calculate monthly EMI, interest payable, total repayment, and view a detailed amortization schedule instantly.

EMI Formula

EMI = P × r × (1+r)n ÷ ((1+r)n − 1)
where P = loan amount, r = monthly interest rate (annual rate ÷ 12 ÷ 100), and n = number of monthly instalments.