EMI CALC

Total Interest Amount:

Total Principal:

Total Payment (Principal+Interest):

EMI (Monthly Payment):

📘 How to Use This Loan Calculator

Step 1: Enter the Principal Amount

Type the total loan amount you want to borrow. Example: ₹50,000

Step 2: Enter the Interest Rate

Provide the interest rate (annual) in percentage. Example: 12%

Step 3: Enter the Tenure

Mention the loan duration. Use the toggle to select either months or years. Example: 5 Months or 1 Year.

Step 4: Enter Free Charge (Optional)

Add any charges or leave blank if none. Example: ₹500

Step 5: Click “Calculate”

Press the Calculate button to see your results below.

🔍 How We Calculate EMI

Formula:
EMI = [ P × R × (1 + R)^N ] / [ (1 + R)^N - 1 ]

Where:
P = Principal Loan Amount
R = Monthly Interest Rate (Annual ÷ 12 ÷ 100)
N = Loan Tenure in Months

Total Payment: EMI × Number of Months
Total Interest: Total Payment − Principal Amount

✅ Output You’ll Get:

Total Interest Amount
Total Principal
Total Payment (Principal + Interest)
Monthly EMI