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Loan Calculator

Calculate your monthly EMI, total payment, and total interest payable by entering loan amount, interest rate, and tenure.

What is a Loan Calculator?

A Loan Calculator helps you determine your monthly EMI, total payment, and interest payable for a loan. It helps in planning finances and budgeting efficiently.

EMI Formula

EMI = [P × r × (1 + r)^n] ÷ [(1 + r)^n − 1]

Where P = Loan Amount, r = Monthly Interest Rate, n = Loan Tenure in Months

Benefits

  • Quick and accurate EMI calculation.
  • Helps plan finances and budgeting.
  • Shows total payment and interest breakdown.

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