EMI Formula
EMI = P × r × (1+r)^n / ((1+r)^n - 1)
Where: P = Principal, r = Monthly interest rate, n = Number of months
Use Our Free Calculator
Our EMI Calculator makes this simple:
- Select loan type: Home, Car, Personal, Education, Gold
- Set amount, interest rate, and tenure using sliders
- See EMI, total interest, and principal-interest ratio
- View full amortization schedule (month-by-month breakdown)
- Try prepayment to see how much you save
2026 Interest Rates (Approximate)
| Loan Type | Rate Range |
|---|---|
| Home Loan | 8.0% - 9.5% |
| Car Loan | 8.5% - 12% |
| Personal Loan | 10% - 18% |
| Education Loan | 7% - 12% |