Finance Calculator
🏦 EMI Calculator
Calculate your Equated Monthly Installment (EMI) for any loan — home, car, personal or business. Get instant results with full amortization breakdown.
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Enter Loan Details
$
Enter the total loan amount you need
%
Annual interest rate offered by the bank
Duration over which you will repay the loan
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Enter loan details
Fill in the form and click
Calculate EMI to see results
Calculate EMI to see results
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What is EMI?
EMI (Equated Monthly Installment) is a fixed payment made by a borrower to a lender on a specified date each month. EMIs are used to pay off both interest and principal every month so that over a specified number of years, the loan is fully paid off.
EMI Formula
EMI = P × r × (1+r)ⁿ / ((1+r)ⁿ - 1)
Where: P = Principal loan amount, r = Monthly interest rate (annual rate ÷ 12 ÷ 100), n = Number of monthly installments
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