EMI Calculator
Calculate your loan Equated Monthly Installments
Loan Details
Results
Monthly EMI
$0.00
Total Interest
$0.00
Total Payment
$0.00
FAQs
How is EMI calculated?
EMI is calculated using the formula: [P × R × (1+R)^N]/[(1+R)^N-1] where P is principal, R is monthly interest rate, and N is number of months.
Does EMI change during loan tenure?
For fixed-rate loans, EMI remains constant. For floating-rate loans, EMI may change when interest rates change.
