🏦
Loan EMI Calculator
Calculate EMI (Equated Monthly Installment) for loans. Get detailed breakdown of principal, interest, and amortization schedule.
Enter Loan Details
About EMI Calculation
EMI (Equated Monthly Installment) is a fixed payment amount made by a borrower to a lender at a specified date each calendar month. It includes both principal and interest components.
EMI Formula:
EMI = [P × R × (1+R)^N] / [(1+R)^N - 1]
Where P = Principal, R = Monthly Interest Rate, N = Number of Months
Key Factors:
- Loan amount (principal)
- Interest rate (annual)
- Loan tenure (years)
- Payment frequency
- Processing fees