Calculate Equated Monthly Instalments (EMI) for any loan. Enter principal, interest rate, and tenure to get monthly payment, total interest payable, and a full amortization schedule.
EMI = P × r × (1+r)^n / ((1+r)^n − 1), where P is the principal, r is the monthly interest rate (annual rate / 12 / 100), and n is the tenure in months.