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EMI Calculator

Calculate EMI from loan amount, annual interest rate, and term in months.

Tool

Use this EMI calculator to calculate the equated monthly installment for a loan from principal, annual interest rate, and loan term in months. It is useful for personal loans, auto loans, and general EMI planning.

About this tool

Use this EMI calculator to calculate the equated monthly installment for a loan from principal, annual interest rate, and loan term in months. It is useful for personal loans, auto loans, and general EMI planning.

Use emi calculator when you need a fast browser-based result without extra setup. It works well for quick checks, one-off tasks, and routine formatting or calculation work.

Learn more

Why use this tool

How to use

  1. Enter loan amount on the first line.
  2. Enter annual interest rate on the second line.
  3. Enter loan term in months on the third line.
  4. Run the tool to calculate EMI.

Examples

Example

Input

100000
10
24

Output

Loan amount: 100000.00
Annual rate: 10.00%
Term: 24 months
EMI: 4614.49
Total payment: 110747.76
Total interest: 10747.76

Calculates standard monthly EMI for a general loan.

Example

Input

250000
8.5
60

Output

Loan amount: 250000.00
Annual rate: 8.50%
Term: 60 months
EMI: 5128.34
Total payment: 307700.48
Total interest: 57700.48

Useful for longer consumer or vehicle loans.

Common errors

Entering term in years instead of months.

Fix: This version expects the loan term in months.

Using zero or negative loan values.

Fix: Loan amount and months must be greater than zero.

Expecting extra fees to be included.

Fix: This version calculates EMI from principal, rate, and term only.

FAQ

What does EMI Calculator do?

It calculates the monthly EMI, total payment, and total interest from loan amount, annual rate, and term in months.

How do I enter the term?

Enter the loan term in months, such as 24 or 60.

Does it support decimal interest rates?

Yes. Rates like 8.5 are supported.

Does it include fees or insurance?

No. It calculates EMI from loan amount, rate, and term only.

How is it different from Mortgage Calculator?

EMI Calculator is framed for general loans and uses loan term in months.

Use cases

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