Calculate your Equated Monthly Installment for Home Loan, Car Loan, Personal Loan and more.
| # | EMI | Principal | Interest | Balance |
|---|
EMI = P × r × (1+r)ⁿ / ((1+r)ⁿ - 1)
Where P = Principal, r = Monthly rate, n = Number of months
The total amount you wish to borrow
Annual interest rate offered by your bank
Number of years for loan repayment