# EMI Calculator API

> For the complete documentation index, see [llms.txt](/llms.txt).

Calculate equated monthly installment and total interest for a loan.

Use this endpoint to add the tool to your app, site, workflow, or agent without rebuilding formulas, validation, examples, and docs.

- Slug: `emi-calculator`
- Category: `finance`
- Version: `2026-04-22`
- Credits per successful call: 2
- Starts on: starter
- Max payload: 65536 bytes
- Privacy mode: `hash_only`
- Available on: starter, pro, business, scale
- Browser tool: https://miniwebtool.com/emi-calculator/

## Endpoint

`POST https://api.miniwebtool.com/v1/tools/emi-calculator/run`

## Request body

| Field | Type | Required | Description |
| --- | --- | --- | --- |
| `loan_amount` | `float` | yes |  |
| `annual_interest_rate` | `float` | yes |  |
| `tenure_value` | `int` | yes |  |
| `tenure_unit` | `str` | no | years | months Choices: years, months |

## Example request

```json
{
  "loan_amount": 250000,
  "annual_interest_rate": 7.5,
  "tenure_value": 20,
  "tenure_unit": "years"
}
```

## cURL

```bash
curl -X POST https://api.miniwebtool.com/v1/tools/emi-calculator/run \
  -H 'Authorization: Bearer mwt_live_YOUR_KEY' \
  -H 'Content-Type: application/json' \
  -d '{"loan_amount":250000,"annual_interest_rate":7.5,"tenure_value":20,"tenure_unit":"years"}'
```

## Response envelope

```json
{
  "request_id": "01K...",
  "tool": "emi-calculator",
  "tool_version": "2026-04-22",
  "credits_used": 2,
  "result": {}
}
```

## Errors

Errors are RFC 7807 `application/problem+json`. Branch on `code`, not `title`.

## MCP

Agents can discover and call this tool through `https://api.miniwebtool.com/mcp` or `https://api.miniwebtool.com/v1/mcp` using MCP `tools/list` and `tools/call`.

## Frequently asked

### What does the EMI Calculator API do?

Calculate equated monthly installment and total interest for a loan. Use it to add this utility without rebuilding formulas, validation, examples, and documentation.

### How much does one call cost?

2 credits per successful call. Failed calls do not bill.

### What parameters are required?

Required fields: loan_amount, annual_interest_rate, tenure_value. Full schema at `https://api.miniwebtool.com/v1/openapi.json`.

### Is this deterministic?

Yes. Same input, same output. Tool version: 2026-04-22.