What is EMI?

EMI (Equated Monthly Installment) is the fixed amount you pay every month to repay a loan.

EMI Formula

EMI = [P × R × (1+R)^N] / [(1+R)^N – 1], where P = Principal, R = Monthly Rate, N = Tenure in months.

Use Our Free EMI Calculator

Try our Loan EMI Calculator to instantly calculate your EMI.