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Calculate your monthly loan installments and total interest payable instantly.
EMI is Equated Monthly Installment. This calculator uses the standard reducing balance method used by most banks.
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Enter the total Loan Amount.
Input the annual Interest Rate (%).
Set the Loan Tenure in years.
View your monthly EMI and total interest payable immediately.
Everything you need to know about EMI Calculator
We use the standard reducing balance formula: E = P * r * (1+r)^n / ((1+r)^n - 1).
No, this calculation is for the pure loan EMI. Processing fees and other charges are extra.
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