📊 Loan EMI Calculator

About the EMI Calculator Tool

This tool helps you calculate accurate monthly EMI for loans with variable interest rates and tenure options. Whether you're planning to take a personal loan, home loan, or car loan, our calculator shows your full payment plan and interest cost upfront.

Why Use Our Tool?

• ✅ Instant monthly EMI calculation
• ✅ Supports fractional interest like 7.25%
• ✅ Visual amortization table with download option
• ✅ Works for all loan types – home, auto, education, etc.

How is EMI Calculated?

EMI is calculated using the formula:
EMI = [P × r × (1 + r)^n] / [(1 + r)^n – 1]
Where:

• P = Loan amount
• r = Monthly interest rate
• n = Number of months

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