EMI Calculator
Calculate Equated Monthly Installment (EMI) for home, car, personal, or other loans — monthly payment, total interest, and total cost.
Frequently asked questions
What does the EMI Calculator do?
Calculate Equated Monthly Installment (EMI) for home, car, personal, or other loans — monthly payment, total interest, and total cost. Enter your values and get an instant estimate in your browser — free, with no signup.
Is the EMI Calculator free to use?
Yes. OpenCalcy calculators are free to use, work on mobile, and keep favorites privately in your browser.
How is the EMI Calculator calculated?
It uses this formula: EMI = P × r × (1+r)^n / ((1+r)^n − 1), where r = monthly rate and n = number of months Uses the standard reducing-balance EMI formula used by most banks. Educational estimate only — fees, processing charges, and lender rules can change the real offer.