🏦 Financial Planning Tool
Loan EMI Calculator
Calculate your Equated Monthly Installment (EMI) for any loan
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₹
Your Monthly EMI
₹ 0
Total Interest
₹ 0
Total Payment
₹ 0
Principal
0%
Interest
0%
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📖 What is EMI?
EMI (Equated Monthly Installment) is the fixed payment amount made by a borrower to a lender at a specified date each calendar month. EMIs are used to pay off both interest and principal each month so that over a specified number of years, the loan is fully paid off.
Formula:
EMI = P × r × (1+r)^n / ((1+r)^n - 1)
- P = Principal loan amount
- r = Monthly interest rate (Annual rate / 12 / 100)
- n = Total number of months (Years × 12)
Learn more about EMI calculations
Read EMI Guide →