EMI Calculator

The EMI calculator formula is universal and can be applied to different loans. The variation in EMI value occurs according to the three key variables, i.e. the loan amount, the loan tenure and the interest rate. The EMI payment is directly proportional to the loan amount and interest rates, which implies that with increase in amount and interest rate, the EMI on the loan also increases. However, the EMI is inversely proportional to the tenure of loan, which means that though the amount of paid interest increases with longer tenures, but the EMI payments decrease if the loan is repaid over a longer time period.

**E.g. 0.1 = 1 Month, 0.10 = 10 Months, 1 = 1 Year, 1.5 = 1 year, 5 Months
EMI Result

Loan Amount:

0

Rate of Interest:

0 %

Tenure

0 months

EMI:

0