EMI Calculator

Calculate your Equated Monthly Installments and plan your loan repayment strategy

Select Currency

Loan Amount

₹

Annual Interest Rate

Loan Tenure

Months

Your EMI Results Will Appear Here

Enter your loan details and click Calculate to see your monthly EMI and payment breakdown.

What is an EMI?

EMI stands for Equated Monthly Installment. It is the fixed amount you pay every month towards the repayment of a loan. EMIs consist of both the principal and interest components, helping you pay off your loan in a structured and predictable way.

EMIs are common in home loans, car loans, personal loans, and consumer durable loans. Understanding your EMI beforehand allows for better financial planning and loan management.

Why Use Our EMI Calculator?

Quickly find out your monthly EMI without any manual math
Get precise values based on your loan amount and interest rate
Plan your monthly budget more efficiently with accurate numbers
Compare different loan offers to choose what fits your needs best
Understand the complete amortization schedule of your loan

EMI Calculation Formula

Standard EMI Formula:

EMI = [P × r × (1 + r)^n] / [(1 + r)^n – 1]

Where:
P = Loan amount
r = Monthly interest rate (Annual rate ÷ 12 ÷ 100)
n = Total number of EMIs (tenure in months)

How to Use This EMI Calculator

Select your preferred currency
Enter your total loan amount
Input the applicable annual interest rate
Enter the loan tenure in months
Click on the "Calculate" button to see your monthly EMI

Plan More with PaisaKawach

Besides the EMI calculator, PaisaKawach provides a suite of tools including FD calculators, SIP planners, and loan interest calculators to help you make informed financial choices.

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