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EMI Calculator
Calculate your monthly loan EMI with complete amortization schedule. Works for home loans, car loans, and personal loans.
emi
loan calculator
home loan
car loan
personal loan
interest
₹10,00,000.00
8.5% p.a.
60 months (5 yrs 0 mo)
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Frequently Asked Questions
What is EMI?
EMI stands for Equated Monthly Installment — a fixed monthly payment you make to repay a loan over a defined period, covering both principal and interest.
How is EMI calculated?
EMI = P × r × (1+r)^n / ((1+r)^n - 1), where P = principal, r = monthly interest rate, n = number of months.
Does prepayment reduce EMI?
Yes! Partial prepayment can either reduce your EMI amount or shorten the loan tenure, saving you significant interest.