How is EMI calculated?
EMI = P × r × (1+r)ⁿ / ((1+r)ⁿ − 1), where P is principal, r is monthly rate (annual ÷ 12 ÷ 100), n is months.
Calculate your monthly loan EMI from principal amount, rate of interest and tenure in months. Works for home loan, personal loan and car loan.
pdfcorpus EMI calculator helps you plan loans before you apply. Enter the principal amount, rate of interest, and loan tenure in months to instantly calculate your monthly EMI, total interest payable, and total payment.
EMI = P × r × (1+r)ⁿ / ((1+r)ⁿ − 1), where P is principal, r is monthly rate (annual ÷ 12 ÷ 100), n is months.
Use tabs for home loan EMI calculator, personal loan EMI calculator, or car loan EMI calculator with preset values you can adjust.
See total interest and total payment alongside monthly EMI to compare different interest rates and tenures.