Calculate Loan EMI
Monthly EMI
₹0
Principal Amount
₹0
Total Interest
₹0
Total Amount
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About EMI Calculator
EMI (Equated Monthly Installment) is the fixed amount you pay every month to repay your loan. It includes both principal and interest components.
EMI Formula:
EMI = [P x R x (1+R)^N] / [(1+R)^N-1]
Where P = Principal loan amount, R = Monthly interest rate, N = Loan tenure in months
Typical Interest Rates 2026:
- Home Loan: 8.5% - 9.5% per annum
- Car Loan: 9% - 11% per annum
- Personal Loan: 10.5% - 18% per annum
- Education Loan: 8% - 12% per annum