EMI Calculator
Calculate your Equated Monthly Installment
How It Works
Equated Monthly Installment (EMI) is the fixed monthly payment made by a borrower to a lender at a specified date each month. The EMI is calculated using the formula: EMI = P x r x (1+r)^n / ((1+r)^n - 1), where P is the principal, r is the monthly interest rate, and n is the number of months.