How to Use
- Enter the loan amount you wish to borrow.
- Enter the annual interest rate (e.g. 8.5%).
- Enter the loan tenure in years or months.
- Your monthly EMI, total interest, and total payment are displayed instantly.
- The visual bar shows the principal vs interest breakdown.
EMI Formula
EMI = [P × r × (1+r)ⁿ] / [(1+r)ⁿ – 1], where P = principal, r = monthly interest rate, n = number of months.