Calculate Monthly EMI Instantly

Calculate your Loan EMI (Equated Monthly Installment) with this easy-to-use Loan EMI Calculator.

Loan EMI Calculator

Results:

Monthly EMI: ₹0

Total Interest: ₹0

Total Payment: ₹0

Frequently Asked Questions

The Loan EMI Calculator uses the principal loan amount, the annual interest rate, and the loan tenure to calculate the monthly EMI. It uses the formula.

EMI = [P * r * (1 + r)^N] / [(1 + r)^N - 1]

Where P is the principal loan amount, r is the monthly interest rate, and N is the number of monthly installments.

EMI stands for Equated Monthly Installment. It is the amount payable every month to the bank or any other financial institution until the loan amount is fully paid off.

EMI amount is affected by the loan amount, the interest rate, and the loan tenure.

ou can reduce your EMI by opting for a longer loan tenure or by negotiating a lower interest rate with the lender.

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