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EMI Calculator 💰
Monthly EMI, total interest and total payment for any home, car or personal loan.
Monthly EMI
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Total interest
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Total payment
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FAQ
How is EMI calculated?
EMI = P × r × (1+r)ⁿ / ((1+r)ⁿ − 1), where P is the loan amount, r the monthly interest rate and n the number of months. This is the standard reducing-balance formula used by banks.