EMI Calculator – Calculate Loan EMI Online Easily
EMI Calculator
Use this EMI Calculator to calculate your monthly loan EMI easily. This free online EMI calculator helps you plan home loan, car loan, personal loan, and business loan repayments accurately.
EMI Calculation Result
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How EMI Calculator Works
The EMI calculator uses the standard loan EMI formula based on principal, interest rate, and loan tenure to calculate the monthly installment.
EMI Formula
EMI = P × R × (1 + R)N ÷ ((1 + R)N − 1)
Where P = Loan Amount, R = Monthly Interest Rate, N = Number of Months
Who Should Use EMI Calculator?
- Home loan borrowers
- Car loan buyers
- Personal loan applicants
- Business loan planners
- Finance & banking students
Frequently Asked Questions (FAQs)
What is EMI?
EMI (Equated Monthly Installment) is the fixed amount paid every month to repay a loan, including principal and interest.
How is EMI calculated?
EMI is calculated using the loan amount, interest rate, and tenure using a standard mathematical formula.
Is this EMI calculator accurate?
Yes, this EMI calculator uses the standard banking formula and provides accurate results.
Can I use this for home and car loans?
Yes, this EMI calculator works for home loans, car loans, personal loans, and other types of loans.