M Expenses Tracker

EMI calculator

Loan EMI calculator

Calculate your monthly EMI, total interest and total payment for any home, car or personal loan.

Monthly EMI

Principal
Total interest
Total payment

Tracking an EMI?

Add it once as a recurring expense in Expenses Tracker and it logs itself every month — free.

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How is EMI calculated?

EMI (Equated Monthly Instalment) is calculated as P × r × (1+r)^n / ((1+r)^n − 1), where P is the loan amount, r is the monthly interest rate (annual rate ÷ 12 ÷ 100) and n is the number of months. A longer tenure lowers your EMI but increases the total interest you pay.

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