Best EMI Calculator

Calculate your EMI within a few minutes and plan your amount using Munim’s EMI calculator.

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What is an EMI?

Equated Monthly installment, abbreviated as EMI, is the monthly amount paid on loan.
It includes interest and a part of the principal amount to be repaid monthly.

Here’s a formula to calculate EMI.

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

In this formula, the variables stand for:

P = Principal loan amount borrowed

R = Rate of interest

N = Loan tenure/total number of monthly payments

An EMI calculator ensures easier and more accurate computations.

  • EMI = P x R x (1+R)^N / [(1+R)^N-1]
  • In this formula, the variables stand for:
  • P = Principal loan amount borrowed
  • R = Rate of interest
  • N = Loan tenure/total number of monthly payments

How to use our calculator?

4 Easy Steps to Compute EMIs with Munim!

  • Open Our EMI Calculator
    Visit our EMI calculator to simplify the process.
  • Loan Amount
    Enter the loan amount you have applied for.
  • Rate of Interest
    Select the interest applied to your loan amount.
  • Loan Tenure
    Choose the time period to pay the loan amount.

Once all the details are entered, our software will display the accurate EMI amount to be paid every month.

Get Any of these EMI Calculators Based on your Loan Requirements!

  • Home Loan EMI Calculator
    Calculate your home loan EMIs easily with us. These EMIs are sanctioned based on the property value and the borrower’s capacity to repay the debt. Access your home loan EMI’s right away with our user-friendly calculator.
  • Car Loan EMI Calculator
    A wide array of car loan schemes are available in the market. Avail our car EMI calculator to simplify monthly car loan EMI calculations. The repayment tenure for car loans is eight years. Hurry up! Calculate your EMIs with us.
  • Education Loan EMI Calculator
    Education loan finances the expenses of schooling requirements, easing the burden for parents. The students can pay this loan and the interest post the moratorium period. Calculate your loan EMIs now by entering the required details.
  • Personal Loan EMI Calculator
    High interest rates and low tenure accompany personal loans. Calculate your EMIs with our software that delivers precision in your financial journey.

Factors Affecting the Due Amount

  • Loan Tenure
    The EMI amount is inversely proportional to the loan tenure. As the loan tenure increases, the EMI amount will decrease.
  • Interest Rate
    Interest rate plays a crucial role in calculating EMIs. You can opt for lower rates.
  • Loan Amount
    The loan amount is a significant factor that determines your EMI installments. The amount of loan you choose is directly proportional to the EMIs you must pay.

Leverage the Perks of Our Online EMI Calculator!

  1. Get 100% accurate EMI calculations.
  2. Ensure anywhere and anytime access.
  3. Instant computations for the loan amount and interest rate.
  4. Easy-to-use solution.

Our USPs

We Deliver the Best EMI Calculator for You!

  • Accuracy
  • Speed
  • Customer Support
  • Security

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Frequently Asked Questions (FAQ)

How our Online EMI Calculator Will Help you?

  • Save time and effort on complex calculations. 
  • Eliminate the possibility of errors. 
  • It is customized based on the loan type. 

What if I fail to pay my EMIs?

What loan types can I calculate through this calculator?

What solutions Munim offers?