i
Understand the method before using any result. The details below describe the purpose and assumptions for this tool.
How the emi calculator works
The emi calculator helps you estimate results using the assumptions and values you provide. Review the formula and example before relying on the result.
Formula and assumptions
EMI = P × r × (1+r)^n ÷ ((1+r)^n − 1), where P is principal, r is monthly interest rate and n is the number of monthly payments.
Example
Use the loan amount, annual interest rate and repayment period to estimate a fixed monthly payment.
Important information
Results depend on the values, jurisdiction, date and assumptions you enter. Financial products, tax rules and medical recommendations may vary by location and change over time. Verify critical results with reliable sources.