General
EMI Calculator: How to Calculate Your Loan EMI
Pristine Finserve
May 01, 2025
5 min read
EMI (Equated Monthly Installment) is the fixed amount you pay each month to repay your loan. Our EMI calculator makes it easy to plan your monthly budget.
EMI Formula
EMI = P × r × (1+r)^n / ((1+r)^n - 1), where P is the principal, r is the monthly interest rate, and n is the number of months.
Factors Affecting EMI
The EMI depends on the loan amount, interest rate, and tenure. A higher loan amount or interest rate increases the EMI, while a longer tenure reduces it.