EMI Calculator
Calculate loan EMIs for business and personal loans.
Enter Details
Calculation Result
Pro Tip:Calculate loan EMIs for business and personal loans. Save the result to your Toolbox to compare scenarios side by side.
Learn MoreHow it worksKey Rules & Regulations
View Full GuideCalculate loan EMIs for business and personal loans. Save the result to your Toolbox to compare scenarios side by side.
Key Points for Every Country
- EMI = P × r × (1+r)^n ÷ ((1+r)^n − 1), where r is the monthly rate.
- Most lenders use reducing-balance interest — compare the APR, not the flat rate.
- Processing fees (1–2%) and prepayment charges add to the real cost.
- Collateral-free MSME loans may be covered under government credit guarantee schemes.
Good practice
- Keep total EMIs below 40–50% of monthly cash flow.
- Compare at least three lenders on APR.
- Prefer shorter tenure if cash flow allows — total interest drops sharply.
- Ask about part-prepayment without penalty.
Related tools
All tools- Loan Eligibility CalculatorCheck your business loan eligibility based on income and existing loans.
- Compound Interest CalculatorCalculate future value of your investments.
- Break Even CalculatorFind your break even point and units.
- Working Capital CalculatorCheck working capital, current and quick ratios.
Related Tools
View All ToolsLoan Eligibility Calculator
Check your business loan eligibility based on income and existing loans.
Compound Interest Calculator
Calculate future value of your investments.
Break Even Calculator
Find your break even point and units.
Working Capital Calculator
Check working capital, current and quick ratios.
Common questionsFrequently Asked Questions
EMI uses the reducing-balance formula P × r × (1+r)^n / ((1+r)^n − 1), where P is principal, r is the monthly interest rate and n the number of months.