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