EMI Calculator
Calculate Equated Monthly Installments for loans with flexible terms
Select Loan Type
Minimum loan amount is $1,000
Enter rate between 1% and 20%
Enter term between 1 and 30 years
💡 Prepayment Options (Optional)
Your EMI Breakdown
Monthly EMI
$4,027.53
Total Interest
$466,607.20
Total Payment
$966,607.20
Loan Tenure
20 years
📊 EMI Calculation Formula
EMI = [P × r × (1+r)^n] / [(1+r)^n - 1]
Where P = Principal, r = Monthly interest rate, n = Loan term in months