EMI Calculator
Enter a principal, annual rate, and tenure to see the monthly EMI, total interest, and total repayment.
Frequently asked questions
- What formula is used?
- EMI = P × r × (1 + r)ⁿ / ((1 + r)ⁿ − 1), where r is the monthly interest rate (annual ÷ 12 ÷ 100) and n is the number of months.
- Are zero-interest loans supported?
- Yes. When the annual rate is 0%, the EMI is the principal divided by the number of months.
- Do the results match my bank exactly?
- Usually close, but small differences can occur due to rounding conventions and payment timing. Use the result as an estimate.