Calculators
Loan EMI Calculator
EMI Formula
Reducing-balance loan
EMI = P × r × (1 + r)n ÷ ((1 + r)n − 1)
P = loan amount, r = monthly interest rate (annual rate ÷ 12 ÷ 100), and n = total number of monthly instalments.
Zero-interest loan
EMI = P ÷ n
Total amount = EMI × n. Total interest = Total amount − Principal amount.