EMI Calculator
Enter loan amount, interest rate and tenure to get your equated monthly instalment, total interest and total payment.
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How to use the EMI Calculator
- 1Enter the loan amount.
- 2Enter the annual interest rate.
- 3Enter the tenure in months.
- 4Read the EMI, total interest and total payable.
Frequently asked questions
What formula is used?+
EMI = P·r·(1+r)^n ÷ ((1+r)^n − 1), where r is the monthly rate and n the number of months.