EMI Calculator
Calculate your loan EMI, total payment, and total interest from the principal, rate, and tenure. Free and accurate.
- Monthly EMI
- 8791.59
- Total payment
- 105499.06
- Total interest
- 5499.06
How to use
- Enter the loan principal.
- Enter the annual interest rate and tenure in months.
- Read the monthly EMI, total payment, and total interest.
Examples
- 12% for 12 mo:
100000 → EMI 8884.88 - 0% interest:
100000 over 10 mo → EMI 10000
FAQ
- How is EMI calculated?
- EMI = P·r·(1+r)^n / ((1+r)^n − 1), where P is principal, r is the monthly rate (annual rate ÷ 12 ÷ 100), and n is the number of months.
- What happens at 0% interest?
- With no interest, the EMI is simply the principal divided by the number of months.
- Is the tenure in months or years?
- This calculator uses months. For a 5-year loan, enter 60.