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An EMI (Equated Monthly Installment) is the fixed monthly payment you make to repay a loan. Our EMI Calculator helps you quickly calculate your monthly EMI along with total interest payable and total repayment amount based on your loan amount, interest rate, and tenure.

What Does the EMI Calculator Show?

Monthly EMI amount
Total interest payable over the loan period
Total repayment amount (principal + interest)

How to Use the EMI Calculator?

Enter the loan amount (e.g., ₹5,00,000)
Enter the interest rate (e.g., 9.5%)
Select the loan tenure (e.g., 5 years)
Click the "Calculate" button

You’ll get the EMI along with the interest and total payment instantly.

Benefits of This EMI Calculator

Free and easy to use
Works for home loans, car loans, and personal loans
100% accurate results based on standard EMI formula
Mobile-friendly and fast performance

Types of Loans You Can Calculate

Home Loan EMI
Car Loan EMI
Personal Loan EMI
Education Loan EMI
Gold Loan EMI

Why Should You Use an EMI Calculator?

Before taking a loan, it's crucial to know how much EMI you will pay each month. This helps in budgeting, loan comparison, and deciding the right loan amount and tenure for your financial needs.

Frequently Asked Questions (FAQs)

What is EMI?

EMI stands for Equated Monthly Installment. It's a fixed amount paid by a borrower to a lender every month until the loan is fully repaid.

How is EMI calculated?

EMI is calculated using the formula: EMI = [P × R × (1+R)^N] / [(1+R)^N – 1], where P = principal amount, R = monthly interest rate, and N = loan tenure in months.

Can I use this calculator for any type of loan?

Yes. This calculator works for all loan types, including home, personal, car, education, and gold loans.

Does the EMI amount change over time?

In fixed-rate loans, EMI remains the same throughout. In floating-rate loans, EMI may change depending on interest rate revisions.