Calculate your Equated Monthly Installments with precision and make informed financial decisions.
Fill in your loan information to see detailed EMI calculations and payment breakdown.
Everything you need to know about Equated Monthly Installments
EMI (Equated Monthly Installment) is a fixed payment amount made by a borrower to a lender at a specified date each calendar month. EMIs are used to pay off both interest and principal each month so that over a specified number of years, the loan is fully paid off.
EMI = [P × R × (1+R)^N] / [(1+R)^N – 1]
P = Principal loan amount
R = Monthly interest rate
N = Number of monthly installments
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