Online Tools and Calculators > Financial Calculators > EMI Calculator

EMI Calculator

Loan amount ($):
Annual interest rate: %
Loan tenure: months

About This Tool

The online EMI Calculator is used to calculate the EMI (Equated Monthly Installment) and find out how much you need to pay every month towards your loan repayment.

What is EMI

EMI stands for equated monthly installment, which is a fixed payment owed each month on a property mortgage or other loan.

EMI Calculation Formula

The EMI calculation formula is as following:

EMI Formula

where:
P = principal loan amount
r = annual interest rate / 12
n = number of monthly installments

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