🏦 EMI Calculator

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.