EMI & Loan Calculator
Calculate your Equated Monthly Installment for Home, Car & Personal Loans
Currency automatically detected: US Dollar (you can change it above)
Home Loan Calculator
Calculate EMI for your dream home
Enter home loan details to see your EMI calculation
Use the loan calculator above to get started
Typically offer lower interest rates and longer tenure options. Perfect for purchasing your dream home with manageable monthly payments. Use our home loan EMI calculator for accurate estimates.
Quick approval process with competitive rates. Get your new vehicle with flexible repayment options tailored to your budget. Our car loan calculator helps you plan your purchase.
Unsecured loans for various personal needs. No collateral required with quick disbursement for emergencies or planned expenses. Calculate your personal loan EMI instantly.
Complete Guide to EMI Calculation and Loan Planning
What is EMI?
Equated Monthly Installment (EMI) is a fixed payment amount made by a borrower to a lender at a specified date each calendar month. EMIs are used to pay off both interest and principal each month so that over a specified number of years, the loan is fully paid off.
Our EMI calculator helps you determine the exact monthly payment for home loans, car loans, personal loans, and other types of financing across multiple currencies including INR, USD, EUR, GBP, and more.
How EMI is Calculated
The EMI calculation formula is: EMI = [P x R x (1+R)^N] / [(1+R)^N-1]
- • P = Principal loan amount
- • R = Monthly interest rate (Annual rate ÷ 12)
- • N = Number of monthly installments
Our loan calculator automatically applies this formula to give you instant, accurate EMI calculations for any loan type and currency.
Home Loan EMI Calculator
Calculate home loan EMI for property purchases, construction loans, plot loans, and home improvement loans. Compare interest rates from different banks and choose the best home loan offer.
Car Loan EMI Calculator
Plan your vehicle purchase with our car loan calculator. Calculate EMI for new cars, used cars, two-wheelers, and commercial vehicles. Compare loan offers and choose the best deal.
Personal Loan EMI Calculator
Calculate personal loan EMI for medical expenses, education, travel, debt consolidation, or any personal financial need. Get instant EMI calculations without collateral requirements.
Key Features of Our EMI Calculator
- ✓ Multi-currency support (INR, USD, EUR, GBP, AUD, CAD, etc.)
- ✓ Automatic location-based currency detection
- ✓ Instant EMI calculation with detailed breakdown
- ✓ Visual pie chart showing principal vs interest
- ✓ Support for all loan types and tenures
- ✓ Mobile-responsive design for all devices
- ✓ No registration or personal information required
- ✓ Free to use with unlimited calculations
- ✓ Accurate results based on standard EMI formula
- ✓ Professional-grade financial calculations
Important Disclaimer
For Informational Purposes Only: This EMI and loan calculator is provided for educational and informational purposes only. The calculations are estimates based on the inputs provided and should not be considered as financial advice.
Accuracy: While we strive to ensure the accuracy of our calculations, the actual EMI amounts may vary based on the specific terms and conditions of your loan agreement, processing fees, insurance, and other charges imposed by lenders.
Consult Professionals: Before making any financial decisions, please consult with qualified financial advisors, loan officers, or banking professionals who can provide personalized advice based on your specific financial situation.
No Liability: WhatIsMyEMI.com and its operators shall not be held liable for any financial decisions made based on the calculations provided by this tool. Users are responsible for verifying all information with their respective lenders.
Terms May Vary: Interest rates, processing fees, and loan terms vary significantly between lenders and may change without notice. Always verify current rates and terms directly with your chosen financial institution.