EMI Calculator

How to Use This Tool

Enter the loan amount, interest rate, and loan tenure in months.

Formula Used

This tool uses the following mathematical formula for calculations:

EMI = P x r x (1+r)^n / ((1+r)^n - 1)
Where P = Principal, r = Monthly rate, n = Months

Calculation Example

Here is a practical example of how this tool works:

Loan: 10,00,000, Rate: 8.5%, Tenure: 240 months = EMI: 8,678

Important Information

• All calculations are performed instantly in your browser for maximum privacy.
• Your inputs are never sent to our servers or stored anywhere.
• Results are for informational purposes and should be verified for critical applications.
• This tool is free to use without any registration or login required.