EMI Loan Calculator
Calculate your monthly loan payments for Home, Car, or Personal loans. Supports all major currencies.
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[YOUR_ADSENSE_CODE]
[YOUR_ADSENSE_CODE]
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Loan Details
Monthly Payment
$ 0.00
$ 0.00
Total Interest: $ 0.00
Total Payment: $ 0.00
Principal
Interest
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[YOUR_ADSENSE_CODE]
[YOUR_ADSENSE_CODE]
How to Use This EMI Calculator
This universal calculator allows you to estimate your monthly installments regardless of your currency. Whether you are calculating a loan in Dollars, Rupees, or Euros, the mathematical formula remains the same.
Formula Used
The calculation is based on the standard amortization formula:
EMI = [P x R x (1+R)^N] / [(1+R)^N-1]
Factors That Affect Your Loan
| Factor | Description |
|---|---|
| Principal (P) | The total amount you are borrowing. |
| Interest (R) | The annual rate charged by the bank. |
| Tenure (N) | The time you have to repay the loan (in years). |