Use this Loan EMI Calculator to quickly find your monthly installment. Enter loan amount, interest rate, and tenure to calculate EMI accurately online.
Loan EMI Calculator Guide
What is Loan EMI?
Loan EMI (Equated Monthly Installment) is the fixed monthly amount paid by a borrower to repay a loan. It includes both principal and interest components.
EMI Calculation Formula
EMI = [P × R × (1+R)^N] ÷ [(1+R)^N − 1]
Why Use an EMI Calculator?
Using an EMI calculator helps you estimate monthly repayments instantly. It saves time, reduces manual errors, and helps in financial planning before applying for a loan.
How to Use This Tool
Enter the loan amount, annual interest rate, and loan tenure above. Click the Calculate EMI button to get your monthly installment instantly.
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