EMI & Mortgage Calculator
Calculate monthly loan repayments, total interest, and overall loan cost instantly.
Loan Repayment Summary
Monthly Repayment (EMI)
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Principal Amount
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Total Interest Payable
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Total Amount Payable
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How EMI / Mortgage Payment is Calculated
EMI (Equated Monthly Installment) is calculated using the standard financial formula:
E = P × r × (1 + r)^n / ((1 + r)^n - 1)
- P = Principal Loan Amount
- r = Monthly Interest Rate (Annual Rate / 12 / 100)
- n = Total Tenure in Months (Years × 12)