🏦 EMI Calculator

Calculate your Equated Monthly Installment (EMI) for home loans, car loans, and personal loans.

Loan Amount ($)

Annual Interest Rate (%)

Loan Tenure (Months)

📋 Examples

Home Loan: $300,000 at 7% for 30 years = $1,995.91/month

Car Loan: $25,000 at 5% for 5 years = $471.78/month

Personal Loan: $10,000 at 12% for 3 years = $332.14/month

What is EMI?

EMI stands for Equated Monthly Installment. It is the fixed monthly payment to repay a loan.

How is EMI calculated?

EMI = P x r x (1+r)^n / ((1+r)^n - 1), where P is principal, r is monthly interest rate, n is months.

Does longer tenure reduce EMI?

Yes, but increases total interest paid.