How is EMI calculated?

EMI = P·r·(1+r)ⁿ ÷ [(1+r)ⁿ − 1], where P is the principal, r is the monthly interest rate, and n is the number of months. At 0% interest, EMI is simply P ÷ n.

Loan / EMI Calculator

Calculate monthly EMI, total interest, and payment schedule

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Import CSVCSV: parameter,value — principal, annualInterestRate, loanTenureYears, loanTenureMonths, currency. After Solve, also Export results CSV.

Loan / EMI Calculator

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Theory of Loan and EMI Calculation

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