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EMI / Loan Calculator

Calculate your monthly loan installment (EMI), total interest, and total repayment amount.

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Monthly EMI
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Total Interest
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Total Payment

How to Use EMI / Loan Calculator

  1. Enter the loan amount you want to borrow.
  2. Enter the annual interest rate.
  3. Enter the loan tenure in months.
  4. Click Calculate EMI to see your monthly installment and total interest.

Features

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Accurate results

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Instant calculation

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100% private

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Mobile friendly

Frequently Asked Questions

Is it free?

Yes.

Does it store my loan data?

No, all math runs locally in your browser.

What formula is used?

The standard reducing-balance EMI formula: EMI = P×r×(1+r)^n / ((1+r)^n − 1).

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How does EMI work?
Each month you pay a fixed amount that covers part interest and part principal, with interest reducing over time as the balance shrinks.
What lowers my EMI?
A longer tenure or a lower interest rate reduces your monthly EMI, though a longer tenure increases total interest paid.
Is prepayment worth it?
Prepaying reduces the principal early, which can significantly cut total interest over the loan term.

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