EMI Calculator
Calculate your Equated Monthly Installment for loans with principal, rate, and tenure.
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Frequently Asked Questions
What is EMI?
EMI stands for Equated Monthly Installment — the fixed payment amount you make to a lender each month until the loan is fully repaid.
How is EMI calculated?
EMI = P × r × (1+r)^n / ((1+r)^n − 1), where P is principal, r is monthly interest rate, and n is number of months.