EMI Calculator
Estimate your monthly loan repayments, total interest, and payoff value instantly.
Frequently Asked Questions
1. How is EMI calculated?
Using the formula EMI = [P × r × (1 + r)^n] ÷ [(1 + r)^n – 1], where P = principal, r = monthly rate, n = months.
2. What affects EMI?
Loan amount, interest rate, and tenure all influence EMI. Longer tenure reduces EMI but increases total interest.
3. Can EMI be prepaid?
Yes, prepayment reduces interest but may include a small fee. Always confirm with your bank.
4. Why use Rupeely’s EMI Calculator?
It provides instant, precise results with detailed charts and a quick copy/share feature for your records.