EMI stands for Equated Monthly Installment. It is the fixed monthly amount paid to repay a loan.

How is EMI calculated?

EMI is calculated using principal amount, interest rate and loan tenure using the standard EMI formula.

You can reduce EMI by increasing tenure, negotiating interest rate, or making prepayments.

EMI Calculator

Calculate your Equated Monthly Installment (EMI) for any loan. Results update instantly as you type.

Loan Details

Loan Amount

₹

Principal loan amount

Interest Rate (per annum)

Annual interest rate

Loan Tenure (months)

months

= 20 years

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Enter loan details to see your EMI

About EMI Calculator

An EMI (Equated Monthly Installment) is a fixed payment amount made by a borrower to a lender each month. EMIs pay off both interest and principal so that after a set number of years, the loan is fully repaid.

EMI Formula

EMI = [P × R × (1+R)^N] / [(1+R)^N − 1]

P — Principal loan amount
R — Monthly interest rate (Annual ÷ 12 ÷ 100)
N — Loan tenure in months

How to Use

Enter loan amount, interest rate, and tenure.
Results update instantly as you type.
Toggle between yearly and monthly amortization view.

Tips to Reduce EMI

Negotiate a lower interest rate or do a balance transfer.
Increase your down payment.
Make prepayments to reduce principal.
Extend tenure (lowers EMI but increases total interest).