finance
EMI Calculator
Compute the equated monthly instalment for a loan.
EMI = [P × r × (1+r)^n] / [(1+r)^n − 1]
Try:
Total loan amount you want to borrow.
Annual rate offered by the bank.
Loan tenure in years.
How it works
Monthly compounding: r = annual_rate/12/100, n = years × 12.
Frequently asked
Is this schedule accurate?
It uses the standard reducing-balance EMI formula used by all Indian banks.
Are taxes or insurance included?
No. EMI covers only principal + interest.