EMI Calculator
Calculate equal monthly installments over a loan term.
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Formula / Calculation Method
EMI = P × r / (1 − (1 + r)^−n). At zero interest, EMI = P / n.
Example Calculation
12,000 at 0% over 12 months gives an EMI of 1,000.
Understanding the Result
Choose months or years. Interest is nominal annual interest divided by 12; payments are at period end.
What is the EMI Calculator?
Calculate equal monthly installments over a loan term.
How to Use
Enter the loan principal, nominal annual rate and term. Select months for a term such as 36 installments, or years for a term such as three years.
Select Calculate after entering your values. Text tools update as you type. Reset restores the starting fields.
Interpreting the Calculation
The EMI is a regular monthly installment. Total interest is the sum of interest across the schedule, not the annual rate multiplied by the initial principal for the entire term.
Common Questions
Does EMI include loan processing fees?
No. Add financed fees to the principal if they are borrowed. Upfront fees are separate from this repayment estimate.
What assumptions does this tool use?
Choose months or years. Interest is nominal annual interest divided by 12; payments are at period end.
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