Calculate Your Monthly EMI Instantly
Our Loan EMI Calculator helps you quickly estimate your Equated Monthly Installment (EMI) based on the loan amount, interest rate, and tenure. Whether you’re planning to take a home loan, personal loan, or car loan, this tool gives you accurate results in seconds.
Loan EMI Calculator
How to Use the EMI Calculator
- Enter the Loan Amount (e.g., ₹1,00,000)
- Enter the Annual Interest Rate (e.g., 8.5%)
- Enter the Loan Tenure in years (e.g., 5)
- Click Calculate EMI to get your monthly installment
Features of the Loan EMI Calculator
- Instant EMI Calculation
- Supports any loan type: home, car, education, personal, etc.
- User-friendly Interface
- No sign-up or download needed
- Accurate formula-based EMI results
Why Use This EMI Calculator?
- Helps you plan your loan repayment in advance
- Understands the monthly burden before taking a loan
- Ideal for financial planning and budgeting
- Works on both mobile and desktop devices
EMI Calculation Formula Used
EMI = [P × R × (1+R)^N] / [(1+R)^N – 1]
Where:
- P = Principal Loan Amount
- R = Monthly Interest Rate
- N = Loan Tenure in Months
FAQs
Q: What is EMI?
A: EMI stands for Equated Monthly Installment – the fixed payment amount made by a borrower to a lender each month.
Q: Is this calculator suitable for all loan types?
A: Yes, it works for personal, home, education, vehicle, and other types of loans.
Q: Can I calculate EMI without internet?
A: This is a web-based tool and requires internet access.
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