EMI Calculator
Calculate your loan EMIs with different methods
₹
About Calculation Methods
Simple Interest
Interest = (Principal × Rate × Time) ÷ 100
Reducing Balance
EMI = [P × R × (1+R)^N] / [(1+R)^N-1]
Total Amount
Principal + Total Interest
Monthly Payment
Total Amount ÷ (Years × 12)
📝 Short Description
ToolkitAccess EMI Calculator helps you quickly calculate your loan EMI, total interest, and repayment schedule. Simple, fast, and 100% free tool for personal, car, and home loans.
🔑 Important Terms (in short words)
Loan Amount → Money you borrow.
Interest Rate → Extra % charged by bank.
Tenure → Time to repay (in months/years).
EMI → Equal monthly payment (loan + interest).
📌 How to Use (Step by Step)
Enter Loan Amount (e.g., ₹5,00,000).
Enter Interest Rate (e.g., 10%).
Enter Tenure (e.g., 5 years).
Click Calculate → See EMI, total interest & repayment chart.