EMI stands for Equated Monthly Installment. It is the fixed payment you make each month for a loan.

How is EMI calculated?

The EMI is calculated using principal amount, annual interest rate and loan tenure through a standard EMI formula.

Does this work for all loan types?

Yes, it works for car loans, home loans, personal loans and educational loans.

Finance Tools

Calculate monthly EMI, total payment, and total interest for your loan.

Loan Amount

Interest Rate (%)

Loan Duration (months)

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