EMI Calculator
Calculate your Equated Monthly Installment (EMI) for home loans, personal loans, car loans, and other financial products. Get detailed amortization schedule and understand your loan better.
Loan Details
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EMI Calculation Results
Enter loan details to calculate EMI
About EMI Calculator
What is EMI?
EMI (Equated Monthly Installment) is a fixed payment amount made by a borrower to a lender at a specified date each calendar month.
EMI Formula
EMI = [P × R × (1+R)^N] / [(1+R)^N - 1]
Where P = Principal, R = Monthly Interest Rate, N = Number of months
Factors Affecting EMI
- Loan amount (Principal)
- Interest rate
- Loan tenure
- Processing fees
Tips to Reduce EMI
- Increase down payment
- Choose longer tenure
- Negotiate lower interest rate
- Compare different lenders