Equated Monthly Installment (EMI) Loan Calculator
Calculate your monthly loan repayment installments. Enter your loan amount, interest rate, and term to view payment breakdowns.
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How to Use
- Enter the loan principal amount.
- Enter the annual interest rate.
- Set the tenure term and click Calculate.
FAQ
What is an EMI?
An Equated Monthly Installment (EMI) is a fixed payment amount made by a borrower to a lender at a specified date each calendar month.
How is interest calculated in an EMI?
EMIs compound interest monthly using reducing balance methods, meaning interest is calculated on the remaining loan principal.