EMI CALCULATOR







■ Principle ■ Interest

  • Monthly Loan EMI (₹):

    0

  • Principle Amount (₹):

    0

  • Total Interest (₹):

    0

  • Total Amount (₹):

    0

What is an EMI Calculator?

An EMI (Equated Monthly Instalment) Calculator is an online financial tool that helps you instantly determine the fixed monthly payment you must make toward a loan. Whether planning a personal, home, education, business or vehicle loan, the EMI calculator shows monthly EMI, total interest payable, and overall repayment amount within seconds.

Why is it useful?

The EMI Calculator helps you understand the long-term cost of a loan. By adjusting the loan amount, interest rate and tenure, you can compare lender options and pick an EMI that fits your monthly budget — avoiding financial stress and over-commitment.

Formula Behind EMI Calculation

EMI = [P × R × (1 + R)N] / [(1 + R)N − 1]
  • P = Loan Amount
  • R = Monthly interest rate (annual ÷ 12 ÷ 100)
  • N = Loan tenure in months

Benefits of Using ClickToBill’s EMI Calculator

  • ✔ Instant & accurate EMI, interest and total repayment calculations
  • ✔ Easy comparison of scenarios (amount / rate / tenure)
  • ✔ Helps you pick an EMI that fits your monthly budget
  • ✔ Eliminates manual calculation errors
  • ✔ Free and mobile-friendly — no registration required

Where is it used?

  • Personal loan planning
  • Home loan / mortgage evaluation
  • Car, bike and education loan comparisons
  • Business loan planning
  • EMI affordability and repayment analysis