Calculator Tools
EMI Calculator
Calculate an equal monthly instalment from principal, annual interest rate and loan term using the standard reducing-balance formula.
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Loan details
Enter a principal, annual interest rate and loan term to estimate the monthly payment.
Simple workflow
How to use EMI Calculator
- 1Enter the loan principal.
- 2Add the annual rate and term.
- 3Calculate the EMI, interest and total payment.
Good to know
Frequently asked questions
How are results calculated?
Results use deterministic formulas shown in the explanation and are calculated locally in your browser.
Can I use this for official decisions?
Use the result as a helpful estimate and verify important financial, medical or legal decisions with a qualified professional.
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