Your Monthly EMI
Frequently Asked Questions
What is EMI?
EMI (Equated Monthly Installment) is the fixed payment amount made by a borrower to a lender at a specified date each calendar month. It includes both principal and interest.
How is EMI calculated?
EMI is calculated using the formula:
EMI = [P x R x (1+R)^N] / [(1+R)^N-1]
Where:
P = Loan Amount, R = Monthly Interest Rate, N = Number of Months
Why use this calculator?
This calculator helps you estimate your monthly EMI, total interest, and total payment for your home, car, personal, business, gold, education, bike, property, credit card, or consumer durable loan instantly. You can adjust the amount, rate, and tenure using sliders or input boxes and see the results and chart instantly.
Is this calculator free?
Yes, SOLVEiT PRO's loan EMI calculator is 100% free and works on all devices.
SEO Details & Loan Calculator Info
SOLVEiT PRO is India's most advanced, colorful, and responsive multi-loan EMI calculator website. Instantly calculate your home, car, personal, business, mortgage, gold, education, bike, property, credit card, and consumer durable loan EMIs with interactive sliders, input boxes, and a live pie chart. Our tool is designed for both mobile and desktop, with a modern UI, light/dark mode, and blazing fast results.
- Loan EMI Calculator
- Home Loan EMI Calculator
- Car Loan EMI Calculator
- Personal Loan EMI Calculator
- Business Loan EMI Calculator
- Mortgage Loan EMI Calculator
- Gold Loan EMI Calculator
- Education Loan EMI Calculator
- Bike Loan EMI Calculator
- Property Loan EMI Calculator
- Credit Card Loan EMI Calculator
- Consumer Durable Loan EMI Calculator
- Loan Payment Chart
- Loan Interest Calculator
- Loan Amortization
Why choose SOLVEiT PRO?
- 100% free, no login required
- Instant results, no page reload
- Mobile & desktop friendly
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Disclaimer: This website is for informational purposes only and does not constitute financial advice. Please consult your bank or financial advisor before making any loan decisions.