Loan EMI Calculator
Calculate your loan EMI (Equated Monthly Installment) for home loans, car loans, personal loans, and more. Enter the loan amount, interest rate, and tenure to get your monthly EMI amount, total interest payable, and total amount payable.
How to Use Loan EMI Calculator
Using Loan EMI Calculator is simple and straightforward. Follow these steps to get accurate results:
- Enter the required information in the input fields above
- Click the calculate or convert button to process your data
- Review your results instantly displayed on the page
- Use the results for your specific needs or calculations
All calculations are performed locally in your browser, ensuring your data remains private and secure. No information is sent to our servers, giving you complete privacy and peace of mind.
Frequently Asked Questions
QWhat is EMI?
EMI stands for Equated Monthly Installment. It's the fixed amount you pay each month towards repaying your loan, which includes both principal and interest components.
QHow is EMI calculated?
EMI is calculated using the formula: [P x R x (1+R)^N] / [(1+R)^N - 1], where P is principal, R is monthly interest rate, and N is loan tenure in months.
QCan I calculate EMI for different loan types?
Yes, our EMI calculator works for all types of loans including home loans, car loans, personal loans, and education loans.