/
Calculate your loan EMI instantly. Free online EMI calculator with formula, amortization breakdown, and step-by-step explanation.
per month for 60 months
Found this useful?
This free EMI calculator helps you estimate your monthly loan payment based on principal amount, annual interest rate, and loan tenure. Calculations are performed locally in your browser.
This calculator provides an estimate only. Actual EMI may differ based on your lender's terms, fees, and compounding method. Consult your bank or lender for exact figures. This is not financial advice.
EMI = P × r × (1+r)^n / ((1+r)^n - 1), where P = principal, r = monthly interest rate, n = number of months.
Fixed interest rate throughout the loan tenure and monthly compounding. Does not account for processing fees or prepayment charges.
Verified community satisfaction score for EMI Calculator.