Calculate Equated Monthly Instalments for home, car, or personal loans.
$100,000 Home Loan, 8.5%, 20 years
Monthly EMI: $868.74 | Total Interest: $108,498
Common Questions
EMI (Equated Monthly Instalment) is the fixed monthly payment borrowers make to repay a loan over a specified period. Our free EMI calculator works for home loans, car loans, personal loans, and business loans.
EMI = P × r × (1+r)^n / [(1+r)^n − 1]. P is the principal amount, r is the monthly interest rate (annual rate divided by 12 and then by 100), and n is the total number of monthly payments. Each EMI is fixed throughout the loan tenure for standard fixed-rate loans.
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