EMI Calculator

How to use the EMI Calculator

1. Enter your Loan Amount (principal).
2. Enter the Annual Interest Rate in percent.
3. Enter the Tenure in months.
4. Click Calculate EMI to view EMI, total interest and total payment.

EMI Formula

EMI = (P × r × (1 + r)ⁿ) / ((1 + r)ⁿ − 1), where P is principal, r is monthly rate (annual/12/100) and n is number of months.

Why use ToolAstra’s EMI Calculator?

• Instant, accurate results with clear breakdown
• Works fully in your browser — no sign-up
• Mobile-friendly, distraction-free UI

FAQs

What is EMI?
EMI (Equated Monthly Installment) is the fixed amount you pay every month to repay a loan.

Does it support prepayment?
This version shows standard EMI. For part-payment scenarios, reduce principal and recalculate to estimate the new EMI.

Is my data stored?
No. Inputs are processed client-side; details are not stored by ToolAstra.