About this calculator
EMI (Equated Monthly Installment) is the fixed monthly payment on a loan comprising principal and interest. Most Indian loans use reducing balance method.
Formula
EMI = P × r × (1+r)^n / ((1+r)^n − 1)
How to use this calculator
Enter loan amount, annual interest rate and tenure. EMI is calculated using the standard reducing-balance formula.
Frequently asked questions
What is reducing balance EMI?
Interest is charged on the outstanding principal each month, so interest component decreases over time while principal component increases.
Are these calculators free to use?
Yes. All calculators are free, require no signup, and run entirely in your browser.
Results are estimates for planning purposes only — not investment, tax or legal advice. Verify rates on official sources before acting. Compare brokers on our best stock brokers guide or use the brokerage calculator.