Calculate Your EMI
Rs 1Cr
30%
40 Years
Monthly EMI
Total Interest
Total Amount
How EMI is Calculated
EMI (Equated Monthly Installment) is calculated using a mathematical formula that considers the loan amount, interest rate, and tenure. The formula ensures that you pay the same amount every month throughout the loan period.
EMI = [P x R x (1+R)^N] / [(1+R)^N-1]
Where:
P = Principal loan amount
R = Monthly interest rate (Annual rate ÷ 12)
N = Total number of monthly installments
Benefits of Using Our EMI Calculator
• Instant Results: Get immediate EMI calculations without any manual computation
• Detailed Breakdown: See exactly how much you’ll pay in principal and interest
• Compare Options: Try different loan amounts and tenures to find the best fit
• Free to Use: No registration required, completely free financial tool
💡 Tips to Reduce Your EMI
• Increase Down Payment: A larger down payment reduces the loan amount and EMI
• Choose Longer Tenure: Longer tenure reduces monthly EMI but increases total interest
• Improve Credit Score: Better credit score can help you get lower interest rates
• Compare Lenders: Different lenders offer different rates, shop around for the best deal
Types of Loans You Can Calculate
• Home Loans: Calculate EMI for your dream home purchase
• Car Loans: Plan your vehicle financing with accurate EMI calculations
• Personal Loans: Understand the cost of personal financing
• Business Loans: Plan your business expansion financing
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