Calculate your monthly EMI instantly with detailed breakdown. Trusted by 50,000+ users. 🏠 Home Loan | 🚗 Car Loan | 💼 Personal Loan | 🎓 Education Loan
Monthly EMI
₹0
Total Interest
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Total Payment
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Principal Amount
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Total Months
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EMI (Equated Monthly Installment) is the fixed amount you pay monthly to your lender until the loan is fully paid. It includes both principal and interest components.
Formula: EMI = [P x R x (1+R)^N]/[(1+R)^N-1]
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EMI is calculated using the formula: EMI = [P x R x (1+R)^N]/[(1+R)^N-1], where P = Loan Amount, R = Monthly Interest Rate, N = Number of Months.
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