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Calculate your Equated Monthly Installment (EMI) with our free loan calculator. Whether you're looking for a home loan, car loan, or personal loan, our calculator provides accurate monthly payment estimates.
EMI (Equated Monthly Installment) is the fixed payment amount a borrower makes to a lender at a specified date each month. EMI includes both principal and interest.
The EMI formula is: EMI = [P × r × (1+r)^n] / [(1+r)^n - 1]