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EMI Calculator

Calculate your Equated Monthly Installment (EMI) for home loans, car loans, and personal loans.

₹10K ₹1Cr
1% 30%
1 Yr 30 Yrs
💡 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]

  • P = Principal loan amount
  • R = Monthly interest rate
  • N = Loan tenure in months
📊 Loan Types
  • Home Loan: 6.5% - 9.5%
  • Car Loan: 7% - 12%
  • Personal Loan: 10% - 24%
  • Education Loan: 8% - 15%
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