EMI Calculator
Monthly EMI:$0.00
Total Interest Payable:$0.00
Total Payment (Principal + Interest):$0.00
How Equated Monthly Installment (EMI) Is Calculated
Calculate monthly loan installments, principal repayment splits, and total interest for home, auto, or personal loans.
Calculation & Methodology
EMI = [P × r × (1 + r)^n] / [(1 + r)^n - 1]
Calculate Investment Returns with SIP
Project mutual fund growth and compounding wealth over long horizons.
Open SIP CalculatorFrequently Asked Questions
What does each variable in the EMI formula represent?
P = Principal loan amount, r = monthly interest rate (annual rate / 12 / 100), and n = tenure in total number of months.
How does loan tenure affect total interest paid?
A longer tenure reduces your monthly EMI amount but significantly increases the cumulative interest paid over the life of the loan.