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EMI Calculator

Calculate the equated monthly installment(EMI).

EMI Calculator
Loan Amount ($):
Annual Interest Rate: %
Loan Tenure: months

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About EMI Calculator

The EMI Calculator is used to calculate the EMI (Equated Monthly Installment) and find out how much you need to pay every month towards your loan repayment.

FAQ

EMI stands for equated monthly installment, which is a fixed payment owed each month on a property mortgage or other loan.

The EMI calculation formula is as follows:

EMI Formula

where:
P = principal loan amount
r = annual interest rate / 12
n = number of monthly installments

Reference this content, page, or tool as:

"EMI Calculator" at https://MiniWebtool.com/emi-calculator/ from MiniWebtool, https://MiniWebtool.com/

Related MiniWebtools:

Amortization Calculator
Monthly Payment Mortgage Calculator
Mortgage Calculator

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