Loan Calculator (EMI)

Calculate your monthly EMI, total interest, and overall cost of the loan instantly.

Loan Amount

Annual Interest Rate (%)

Loan Tenure (years)

Monthly EMI

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Total Interest

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Total Payable

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How EMI is Calculated

The EMI is calculated using the standard formula:

EMI = [P × r × (1+r)^n] / [(1+r)^n – 1]

Where:
• P = Principal loan amount
• r = Monthly interest rate
• n = Number of monthly installments