Everyday tool
EMI Calculator
Enter your loan amount, interest rate, and tenure to get your monthly EMI and total interest payable.
—Monthly EMI
—Total interest
—Total payment
How EMI is calculated
EMI uses the standard reducing-balance formula: EMI = P × r × (1+r)^n / ((1+r)^n − 1), where P is the loan amount, r is the monthly interest rate, and n is the number of monthly installments. Each payment covers that month's interest first, with the rest reducing the principal.