EMI Calculator

Calculate your Equated Monthly Installments for loans and mortgages

Loan Amount

$10,000

Interest Rate (% per year)

7.5%

Loan Tenure (Months)

60 months (5 years)

Your Monthly EMI

$200.38

Principal Amount $10,000

Total Interest $2,022.74

Total Payment $12,022.74

Payment Breakdown

Principal: 83% Interest: 17%

EMI = [P × r × (1+r)^n] / [(1+r)^n-1]