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EMI Calculator
EMI Calculator
Min: 10,000, Max: 10,00,00,000
Min: 1%, Max: 40%
Min: 0 year(s), Max: 30 year(s)
0 to 11 months;
Benefits of Using EMI Calculator
Discover how the EMI calculator simplifies your financial decisions.
Easy Financial Planning
Plan your budget effectively with clear EMI insights.
Quick Calculations
Get instant EMI results and save valuable time.
Compare Loan Options
Evaluate multiple scenarios for better decision-making.
Accurate Estimates
Ensure precise calculations for your loans.
HOW TO USE
Follow these simple steps to find out your EMI
Enter Loan Details
Enter your loan amount, interest rate, and tenure details in the EMI calculator.
Calculate EMI
Click on the 'Calculate' button and get your EMI amount.
View Breakdown
Analyze your EMI breakdown through the graph and amortization table.
Frequently Asked Questions
Have questions? Find answers to common queries below.
EMI stands for Equated Monthly Installment. It is the fixed amount paid monthly towards loan repayment, including both the principal and interest amounts.
EMI is calculated using the formula: EMI = [P × r × (1+r)^n] / [(1+r)^n - 1], where P is the loan amount, r is the monthly interest rate, and n is the number of installments.
Yes, most banks allow loan prepayment. However, prepayment policies and charges may vary, so check with your lender.
Missing an EMI payment may lead to penalties, impact your credit score, and in some cases, attract legal action by the lender.