How to Calculate EMI in 4 Steps
- 1
Enter the principal.
Use the amount that will actually be financed.
- 2
Add the annual interest rate.
Use the lender's stated rate and confirm whether it is fixed, floating, flat, or reducing balance.
- 3
Choose the tenure.
Enter the repayment period in months or years as supported.
- 4
Review the estimate.
Compare EMI, total interest, total repayment, and any lender fees not included in the calculation.
