EMI Calculator
Calculate your monthly loan installments
⚠️ Disclaimer: This calculator is for informational purposes only and should not be considered financial advice. Results are estimates and may vary based on actual terms and conditions. Consult a certified financial advisor before making loan decisions.
Loan Details
Results
Enter loan details and click "Calculate EMI" to see results
How EMI is Calculated
Formula
Where: P = Principal, r = Monthly interest rate, n = Number of months
What is EMI?
EMI (Equated Monthly Installment) is the fixed amount you pay every month to repay your loan. It includes both principal and interest components.
FAQ
Can I prepay my loan to reduce EMI?
Yes, prepaying your loan can either reduce your EMI amount or shorten the loan tenure. Check with your lender about prepayment charges.
What is a good EMI to income ratio?
Financial experts recommend keeping your EMI below 40% of your monthly income to maintain a healthy financial balance.