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Loan / EMI Calculator
Monthly installment for any type of loan
$
%
6 mo5 yr10 yr20 yr30 yr
Monthly EMI
$0
$0
Total Payment
$0
Total Interest
0%
Interest as % of Loan
📋 Payment Schedule
| # | EMI | Principal | Interest | Balance |
|---|
How EMI is Calculated
EMI (Equated Monthly Installment) is a fixed payment made to a lender each month. It includes both principal and interest components that change over time (more interest at start, more principal at end).
EMI = P × r × (1+r)^n / [(1+r)^n − 1]
P = Principal, r = Monthly rate, n = Total months
P = Principal, r = Monthly rate, n = Total months