← All tools
EMI Calculator
Enter your loan amount, interest rate, and tenure to see your monthly EMI, total interest, and total payment.
Monthly EMI
—
How is EMI calculated?
EMI = P × R × (1+R)^N / ((1+R)^N − 1), where P is the principal, R is the monthly interest rate, and N is the number of monthly instalments.
Does this include processing fees or insurance?
No, this calculates pure principal + interest EMI. Banks may add processing fees, insurance, or other charges separately — check your loan offer for the full cost.