EMI Calculator
Calculate your Equated Monthly Installment (EMI) for a loan given the principal, annual interest rate, and tenure in months.
Inputs
Result
Fill in the fields to see your result.
Formula
EMI formula, where P is principal, r is the monthly interest rate, and n is the tenure in months.
EMI = P × r × (1+r)ⁿ ÷ [(1+r)ⁿ − 1]Step-by-step
- 1
Enter the loan principal
The total amount borrowed.
- 2
Enter the annual interest rate
The yearly rate as a percentage.
- 3
Enter the tenure in months
How many months you'll repay over.
- 4
Read your EMI
Your fixed monthly installment, plus total payment and total interest over the tenure.
Examples
$15,000 at 9% for 36 months
- principal
- 15000
- interest Rate
- 9
- tenure Months
- 36
≈ $477.03/month, $1,173 total interest