EMI Calculator
Calculate your Equated Monthly Installment (EMI) for Home Loan, Car Loan, or Personal Loan.
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About this Tool & FAQ
What is an EMI?
Equated Monthly Installment (EMI) is a 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.
How is EMI calculated?
EMI is calculated using the formula: P * r * (1 + r)^n / ((1 + r)^n - 1) where P is Loan Amount, r is interest rate per month, and n is the number of monthly installments.