Calculate your Loan EMI with ease. Enter your loan amount, interest rate, and tenure to get instant EMI calculations for home, car, personal, or any other loan.
Results
Monthly EMI:
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Principal Amount:
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Total Interest:
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Total Amount:
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Formula
EMI = [P × R × (1+R)^N] / [(1+R)^N-1]
EMI = Equated Monthly Installment
P = Principal Loan Amount
R = Monthly Interest Rate (Annual Rate / 12)
N = Number of Monthly Installments (Years × 12)
Total Interest = (EMI × N) - P
Quick Tips
- • EMI remains constant throughout the loan tenure
- • Lower interest rates and shorter tenure reduce total interest paid
- • Consider your monthly income - EMI should not exceed 40-50% of income
- • Compare loan offers from different lenders for better rates
- • Making prepayments can significantly reduce total interest