EMI Calculator

This calculator helps you determine the Equated Monthly Installment (EMI) for a given loan amount, interest rate, and tenure. Suitable for home, car, and personal loans.

EMI Calculator

Results

Monthly EMI: ₹0

Data Source and Methodology

All calculations are based on the standard EMI formula used in the financial industry.

The Formula Explained

EMI = [P x R x (1+R)^N]/[(1+R)^N-1]

Where P is the principal amount, R is the monthly interest rate, and N is the number of payments.

Glossary of Terms

Principal (P): The original sum of money borrowed.
Interest Rate (R): The percentage of the principal charged as interest.
Tenure (N): The period over which the loan is to be repaid, in months.
EMI: Equated Monthly Installment.

Frequently Asked Questions (FAQ)

What is EMI?

EMI stands for Equated Monthly Installment, which is a fixed payment amount made by a borrower to a lender at a specified date each calendar month.

How is EMI calculated?

EMI is calculated using the formula mentioned above, which considers the principal amount, interest rate, and tenure.

Audit: Complete

Formula (LaTeX) + variables + units

This section shows the formulas used by the calculator engine, plus variable definitions and units.

Formula (extracted LaTeX)

\[','\]

','

Variables and units

No variables provided in audit spec.

Sources (authoritative):

CFPB — Credit cards (consumer education) — consumerfinance.gov · Accessed 2026-01-19
https://www.consumerfinance.gov/consumer-tools/credit-cards/
FTC — Credit and loans (consumer advice) — consumer.ftc.gov · Accessed 2026-01-19
https://consumer.ftc.gov/
Federal Reserve — Consumer resources — federalreserve.gov · Accessed 2026-01-19
https://www.federalreserve.gov/consumerscommunities.htm

Changelog

Version: 0.1.0-draft
Last code update: 2026-01-19

0.1.0-draft · 2026-01-19

Initial audit spec draft generated from HTML extraction (review required).
Verify formulas match the calculator engine and convert any text-only formulas to LaTeX.
Confirm sources are authoritative and relevant to the calculator methodology.

Verified by Ugo Candido on 2026-01-19
Profile · LinkedIn

, ', svg: { fontCache: 'global' } };

EMI Calculator

This calculator helps you determine the Equated Monthly Installment (EMI) for a given loan amount, interest rate, and tenure. Suitable for home, car, and personal loans.

EMI Calculator

Results

Monthly EMI: ₹0

Data Source and Methodology

All calculations are based on the standard EMI formula used in the financial industry.

The Formula Explained

EMI = [P x R x (1+R)^N]/[(1+R)^N-1]

Where P is the principal amount, R is the monthly interest rate, and N is the number of payments.

Glossary of Terms

Principal (P): The original sum of money borrowed.
Interest Rate (R): The percentage of the principal charged as interest.
Tenure (N): The period over which the loan is to be repaid, in months.
EMI: Equated Monthly Installment.

Frequently Asked Questions (FAQ)

What is EMI?

EMI stands for Equated Monthly Installment, which is a fixed payment amount made by a borrower to a lender at a specified date each calendar month.

How is EMI calculated?

EMI is calculated using the formula mentioned above, which considers the principal amount, interest rate, and tenure.

Audit: Complete

Formula (LaTeX) + variables + units

This section shows the formulas used by the calculator engine, plus variable definitions and units.

Formula (extracted LaTeX)

\[','\]

','

Variables and units

No variables provided in audit spec.

Sources (authoritative):

CFPB — Credit cards (consumer education) — consumerfinance.gov · Accessed 2026-01-19
https://www.consumerfinance.gov/consumer-tools/credit-cards/
FTC — Credit and loans (consumer advice) — consumer.ftc.gov · Accessed 2026-01-19
https://consumer.ftc.gov/
Federal Reserve — Consumer resources — federalreserve.gov · Accessed 2026-01-19
https://www.federalreserve.gov/consumerscommunities.htm

Changelog

Version: 0.1.0-draft
Last code update: 2026-01-19

0.1.0-draft · 2026-01-19

Initial audit spec draft generated from HTML extraction (review required).
Verify formulas match the calculator engine and convert any text-only formulas to LaTeX.
Confirm sources are authoritative and relevant to the calculator methodology.

Verified by Ugo Candido on 2026-01-19
Profile · LinkedIn

]], displayMath: [['\\[','\\]']] }, svg: { fontCache: 'global' } };, svg: { fontCache: 'global' } };

EMI Calculator

This calculator helps you determine the Equated Monthly Installment (EMI) for a given loan amount, interest rate, and tenure. Suitable for home, car, and personal loans.

EMI Calculator

Results

Monthly EMI: ₹0

Data Source and Methodology

All calculations are based on the standard EMI formula used in the financial industry.

The Formula Explained

EMI = [P x R x (1+R)^N]/[(1+R)^N-1]

Where P is the principal amount, R is the monthly interest rate, and N is the number of payments.

Glossary of Terms

Principal (P): The original sum of money borrowed.
Interest Rate (R): The percentage of the principal charged as interest.
Tenure (N): The period over which the loan is to be repaid, in months.
EMI: Equated Monthly Installment.

Frequently Asked Questions (FAQ)

What is EMI?

EMI stands for Equated Monthly Installment, which is a fixed payment amount made by a borrower to a lender at a specified date each calendar month.

How is EMI calculated?

EMI is calculated using the formula mentioned above, which considers the principal amount, interest rate, and tenure.

Audit: Complete

Formula (LaTeX) + variables + units

This section shows the formulas used by the calculator engine, plus variable definitions and units.

Formula (extracted LaTeX)

\[','\]

','

Variables and units

No variables provided in audit spec.

Sources (authoritative):

CFPB — Credit cards (consumer education) — consumerfinance.gov · Accessed 2026-01-19
https://www.consumerfinance.gov/consumer-tools/credit-cards/
FTC — Credit and loans (consumer advice) — consumer.ftc.gov · Accessed 2026-01-19
https://consumer.ftc.gov/
Federal Reserve — Consumer resources — federalreserve.gov · Accessed 2026-01-19
https://www.federalreserve.gov/consumerscommunities.htm

Changelog

Version: 0.1.0-draft
Last code update: 2026-01-19

0.1.0-draft · 2026-01-19

Initial audit spec draft generated from HTML extraction (review required).
Verify formulas match the calculator engine and convert any text-only formulas to LaTeX.
Confirm sources are authoritative and relevant to the calculator methodology.

Verified by Ugo Candido on 2026-01-19
Profile · LinkedIn