Free EMI Calculator Online — Calculate monthly EMI for loans
Monthly EMI
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Total Interest
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Total Payment
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Interest %
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🔵 Principal🔴 Interest
How to Calculate EMI
Enter loan amount, interest rate, and tenure. The calculator shows monthly EMI, total interest payable, and a visual breakdown of principal vs interest.
EMI Formula
EMI = P × r × (1+r)^n / [(1+r)^n - 1], where P = loan amount, r = monthly interest rate, n = total months.
How to reduce EMI?
Increase tenure (lower EMI but more interest), make a larger down payment, or negotiate a lower interest rate. Prepayments also reduce total interest.
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