How to use EMI Calculator
Enter the loan principal, annual interest rate and repayment period. The calculator estimates the monthly instalment using the standard reducing-balance formula.
Important information
Actual lender schedules may vary due to fees, dates, rate changes and loan conditions.
Frequently asked questions
Is this calculator free?
Yes. TheMaxTool provides this utility free to use without requiring an account.
Can I use it on my phone?
Yes. This page is responsive and works in modern mobile and desktop browsers.
Where can I find more tools?
Visit TheMaxTool homepage to explore calculators, PDF utilities, image tools and everyday helpers.