EMI / Loan Calculator
Calculate monthly installments, total interest and amortization schedule.
EMI Formula
EMI = P × r × (1+r)ⁿ / [(1+r)ⁿ − 1] — where P is the principal, r is the monthly interest rate (annual rate ÷ 12 ÷ 100), and n is the number of monthly installments. The amortization schedule shows how each payment is split between principal and interest over the loan tenure.