Loan EMI Calculator

Calculate your monthly EMI for any loan. Get detailed breakdown of principal, interest, and total amount payable.

Loan Amount (Principal) ₹

Interest Rate (% per annum)

Loan Tenure

Interest Type

Reducing Balance:

EMI = [P × R × (1+R)^N] / [(1+R)^N - 1]

Where P = Principal loan amount, R = Monthly interest rate, N = Loan tenure in months