EMI Calculator
Calculate your monthly loan EMI instantly — home loan, car loan, or personal loan
Monthly EMI
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Principal Amount
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Total Interest
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Total Payment
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| Year | Principal Paid | Interest Paid | Balance Remaining |
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What is EMI?
EMI (Equated Monthly Installment) is the fixed amount you pay every month towards your loan, covering both principal and interest, until the loan is fully repaid.
Formula used: EMI = [P × R × (1+R)^N] / [(1+R)^N − 1], where P is principal, R is monthly interest rate, and N is number of monthly installments.