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Loan EMI Calculator
Calculate your Equated Monthly Installments to plan your loan repayments effectively
Enter Loan Details
EMI Results
Enter your loan details and click calculate to see your EMI breakdown
Understanding EMI Calculation
Learn how our EMI calculator helps you plan your loan repayments
Understanding EMI
• EMI = [P × R × (1+R)^N] / [(1+R)^N – 1]
• P = Principal loan amount
• R = Monthly interest rate (Annual rate ÷ 12)
• N = Number of monthly installments
• Fixed EMI amount throughout loan tenure
Tips for Better EMI Management
• Choose loan tenure that fits your budget
• Compare interest rates from different lenders
• Consider prepayment to reduce total interest
• Maintain good credit score for better rates
• Factor in processing fees and other charges
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