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Loan / EMI Calculator
Monthly EMI, total interest and a year-by-year repayment table for any loan.
Everything is worked out in your browser; nothing is sent anywhere or saved.
How to use
- Enter the loan amount in ₹ and the yearly interest rate.
- Enter the tenure in years or months.
- See your EMI and total interest, and open the year-by-year table.
About Loan / EMI Calculator
Loan / EMI Calculator uses the standard reducing-balance formula EMI = P·r·(1 + r)ⁿ ÷ ((1 + r)ⁿ − 1), with r as the monthly rate. The yearly table splits each year's payments into principal and interest. Everything is worked out in your browser as you type; nothing is sent anywhere or saved.
FAQs
Does it work for home, car and personal loans?
Yes, for any loan with a fixed rate and equal monthly instalments.
What if the interest rate is 0%?
The EMI is simply the loan amount divided by the number of months.
Why does my bank's EMI differ slightly?
Banks may add processing fees, round differently or count days in their own way.
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