Online Calculators & Tools

EMI Calculator or conversion

Please set Loan Amount
Please set Interest Rate
Please set loan duration in Years
Please set all required value to calculate EMI.

What is EMI calculator and how to calculate emi

An equated monthly installment (EMI) as "A fixed payment amount made by a borrower to a lender at a specified date each calendar month. Equated monthly installments are used to pay off both interest and principal each month, so that over a specified number of years, the loan is fully paid off along with interest

formula to calculate EMI:
emi formula where E is EMI P is Principal Loan Amount