EMI Calculator for Home, Car, and Personal Loans

The EMI calculator helps to determine the monthly EMI payment and total interest amount for home, car, and personal loans.

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Result:

Loan EMI:  
Principal Amount:
Total Interest:
Total Amount Payable:

What is an EMI Calculator?

The EMI calculator can compute the estimated monthly EMI payment and total payable interest before borrowing a car, home, or personal loan. It also provides the monthly amortization schedule, including interest, principal, and loan balance.

EMI Calculator for Home, Car, and Personal Loans

How to Use the EMI Calculator?

The tool is very easy to use and gives fast and 100% accurate results. Just follow the simple steps below:

  1. Firstly, enter the principal or loan amount in rupees.
  2. After that, enter the rate of interest per annum in percentage.
  3. Now, input the loan tenure or term in months or years.
  4. Lastly, press the "Calculate" button. That's all.
  5. As a result, our system displays the Loan EMI result with a full summary including total interest and total payable amount (principal + interest).
  6. In addition, you can press the "Amortization Schedule" button to see the monthly loan repayment report with all the required details.

EMI Formula

E =  P × r × 
(1 + r)n
(1 + r)n - 1

Where,
E = EMI,
P = Loan or principal amount,
r = Monthly interest rate (%),
n = Loan tenure (in months).

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