Tools / EMI Calculator
Work out your monthly instalment for any loan — home, car, personal or education.
Using the standard reducing-balance formula: EMI = P × r × (1+r)^n / ((1+r)^n − 1), where P is principal, r is the monthly interest rate, and n is the number of monthly instalments.
No — this gives the base EMI from principal, rate and tenure. Lenders may add fees separately.
Yes — the formula is the same for home, personal, car or education loans; only the numbers change.