How to Use This Calculator
- Enter Loan Amount.
- Enter Annual Interest Rate (%).
- Enter Tenure (months).
- Click Calculate to view the result.
- Review the calculated result shown below the form.
- Use Reset to clear the values and start again.
Finance
EMI Calculator
Calculate monthly EMI from loan amount, interest rate and tenure.
Formula
Monthly EMI=
((Loan Amount × (Annual Interest Rate (%) ÷ 12 ÷ 100) × pow(1 + (Annual Interest Rate (%) ÷ 12 ÷ 100),Tenure (months))) ÷ (pow(1 + (Annual Interest Rate (%) ÷ 12 ÷ 100),Tenure (months)) − 1))