EMI calculator
Enter the loan amount, the yearly interest rate and the number of years to see your monthly EMI and how much interest you will pay in total.
Frequently asked questions
How is EMI calculated?
EMI = P x r x (1+r)^n / ((1+r)^n - 1), where P is the loan amount, r the monthly rate (yearly rate / 12 / 100) and n the number of months.
Does this include fees?
No. Processing fees, insurance and taxes are extra. Ask your lender for the full cost.
Which currency does it use?
Any. The maths is the same for rupees, dirhams or rupiah. Only the number grouping is shown the Indian way.