Personal Finance • Loans & Mortgages

Loan EMI & Monthly Mortgage Calculator

Accurately computes monthly loan installments (EMI), principal breakdown, and cumulative interest across any repayment tenure.

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Loan EMI & Monthly Mortgage Calculator

Interactive Calculation Console

How This Calculator Works

Where P is the principal loan amount, r is the periodic monthly interest rate (annual rate / 12 / 100), and n is the total number of monthly payments.

Equated Monthly Installment (EMI) Formula

EMI = [P × r × (1 + r)^n] / [(1 + r)^n - 1]

Frequently Asked Questions

What factors affect my monthly loan EMI?
Your loan principal, annual interest rate, and total repayment tenure directly determine your monthly payment. A longer tenure lowers monthly EMI but increases overall lifetime interest.
Can making extra principal payments reduce my loan tenure?

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