Finance
Equated Monthly Installment (EMI) spreads loan principal and interest across fixed monthly payments. Knowing EMI helps compare offers for cars, education, or personal loans.
Equated Monthly Installment (EMI) spreads loan principal and interest across fixed monthly payments. Knowing EMI helps compare offers for cars, education, or personal loans.
Actual lender schedules include fees, insurance, variable rates, and prepayment rules not captured in basic calculators.
CalculatorCamp EMI results are estimates, not financial advice or loan offers. Currency is display-only.
Enter loan amount, annual interest rate, and tenure in months or years. Calculate for EMI, total interest, and total payment.
This loan emi calculator applies the standard relationship below. Intermediate values are kept at full precision; only the displayed result is rounded.
EMI = P x r x (1+r)^n / ((1+r)^n - 1); r = monthly rate, n = months, P = principal
A 1,000,000 loan at 12% per year over 5 years: monthly rate r = 0.12 ÷ 12 = 0.01 and n = 60 payments. EMI = P × r × (1 + r)^n ÷ ((1 + r)^n − 1) = 1,000,000 × 0.01 × 1.8167 ÷ 0.8167 ≈ 22,244.45 per month. Total paid over the term is about 1,334,667, of which roughly 334,667 is interest.
Fixed monthly payment amortizing a loan over time.
No. Consult licensed advisors and lenders.
Standard EMI assumes amortizing balance; confirm with your bank.
Yes.
The factors and formulas used by this tool follow these references:
Finance results are estimates based on the figures you enter and standard formulas. They are not tax, investment, or lending advice; actual bank terms, fees, and tax rules may differ.
Last reviewed: September 2026. Found an error? Tell us and we will correct it.
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