Smart EMI Calculator

Calculate your Equated Monthly Installment (EMI) for any loan type

Choose Your Loan Type

Select the type of loan you want to calculate EMI for:

Home Loan

Calculate EMI for home loans, mortgages, and property financing

Calculate Home Loan EMI

Car Loan

Calculate EMI for car loans, auto financing, and vehicle purchases

Calculate Car Loan EMI

Personal Loan

Calculate EMI for personal loans, unsecured loans, and quick cash

Calculate Personal Loan EMI

Education Loan

Calculate EMI for education loans, student financing, and tuition fees

Calculate Education Loan EMI

What is EMI?

Equated Monthly Installment (EMI) is a fixed payment amount made by a borrower to a lender at a specified date each calendar month. EMIs are used to pay off both interest and principal each month so that over a specified number of years, the loan is paid off in full.

EMI Formula

The mathematical formula to calculate EMI is:

EMI = [P × R × (1+R)^N]/[(1+R)^N-1]

Where:

  • P is the principal loan amount
  • R is the interest rate per month [annual interest rate ÷ 12 ÷ 100]
  • N is the number of monthly installments

Benefits of Using Our EMI Calculator

Accurate Calculations

Get precise EMI calculations based on your loan amount, interest rate, and tenure.

Detailed Breakdown

View a complete breakdown of principal and interest components in each payment.

Multiple Currencies

Support for various currencies to cater to users from different countries.

Mobile Friendly

Use our calculator on any device - desktop, tablet, or mobile phone.