Financial Decision Engine

Free EMI Calculator

Plan your monthly repayments accurately with our reducing-balance EMI calculator. Choose your loan type below and adjust the sliders to see instant results.

How Is EMI Calculated?

EMI is calculated using the standard reducing-balance formula: EMI = [P × r × (1+r)^n] / [(1+r)^n - 1], where P is the principal loan amount, r is the monthly interest rate (annual rate / 12 / 100), and n is the total number of monthly installments. This ensures interest is charged only on the outstanding balance each month, not the original amount.