EMI Calculator
Works for all currencies worldwide (USD, EUR, GBP, INR, PKR, AED, etc.).
How to Use this Tool
- Enter the loan amount in numbers.
- Select your currency (USD, EUR, GBP, INR, PKR, AED, etc.).
- Enter the annual interest rate (e.g., 8.5).
- Enter the loan tenure in years (e.g., 5).
- Click Calculate EMI to see results instantly.
- You’ll get Monthly EMI, Total Interest, and Total Payment details.
Frequently Asked Questions
Q: What is EMI?
A: EMI (Equated Monthly Installment) is the fixed amount you pay each month to repay a loan, which includes both principal and interest.
Q: Can I use this for all currencies?
A: Yes! You can calculate EMI for any currency worldwide (USD, EUR, GBP, INR, PKR, AED, JPY, etc.).
Q: What formula does this use?
A: This calculator uses the standard bank EMI formula:
EMI = [P × r × (1+r)^n] ÷ [(1+r)^n – 1]
Q: Can I include prepayment or fees?
A: Currently no, this tool only calculates based on loan amount, interest rate, and tenure. Prepayment/fees are not included.
Q: How accurate is this calculator?
A: It is 100% accurate for EMI calculations and uses the same method banks and financial institutions use.