### About

This EMI calculator is designed to help you calculate your monthly loan EMI easily and accurately.

### How this online EMI calculator helps you?

This online EMI calculator helps you to quickly determine your monthly EMI payments for various loan amounts and interest rates, enabling you to make informed financial decisions.

### The formula to determine loan EMI amount

The formula to calculate EMI is:

**EMI = [P x R x (1+R)^N]/[(1+R)^N-1]**

Where:

P = Loan amount

R = Monthly interest rate

N = Loan tenure in months

### How to use this calculator

To use this calculator, simply enter the loan amount, interest rate, and loan tenure in the respective fields and click on 'Calculate EMI'. The calculator will instantly provide you with the monthly EMI amount and a detailed breakdown of your repayment schedule.