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EMI Calculator
Calculate your Equated Monthly Installment with detailed breakdown
Quick Tips
Lower interest rates reduce total payment significantly
Shorter tenure means higher EMI but less interest
Consider prepayment to reduce interest burden
Factor in processing fees and other charges
About EMI Calculator
EMI (Equated Monthly Installment) is the fixed amount you pay to the lender each month to repay your loan. It consists of both principal and interest components.
EMI remains constant throughout the loan tenure
Interest component is higher in initial EMIs
Principal component increases over time
Use this calculator to plan your loan effectively
Formula Used:
EMI = P × r × (1 + r)ⁿ / ((1 + r)ⁿ - 1)
Where: P = Principal, r = Monthly Interest Rate, n = Loan Tenure in Months
Where: P = Principal, r = Monthly Interest Rate, n = Loan Tenure in Months