What formula does this use?

The standard reducing-balance EMI formula: EMI = P × r × (1+r)ⁿ / ((1+r)ⁿ − 1), where r is the monthly rate and n the tenure in months.

Does this include processing fees or insurance?

No — this is a pure principal/interest calculation. Add any fees separately.

Enter a loan principal, interest rate, and tenure to get the monthly EMI, total interest, and total payment.

Loan amount

Annual interest rate (%)

Tenure (years)

Enter a loan amount, rate, and tenure to calculate the EMI.