Loan EMI Calculator
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%
Yr
Monthly Payment
Monthly EMI
$0
Principal amount
$1,000,000
Total Payment
Total interest
$0
Total amount
$0
About Loan EMI Calculator
Understanding EMI
EMI (Equated Monthly Installment) is a fixed amount paid monthly to repay both the principal and interest of a loan. It helps in systematic loan repayment over a fixed tenure.
Factors Affecting EMI
Your EMI amount depends on three main factors: loan amount, interest rate, and loan tenure. Changes in any of these factors will affect your monthly payment.
Benefits of EMI Calculator
This calculator helps you plan your loan by showing exact monthly payments, total interest cost, and total amount payable. It aids in choosing the right loan tenure and amount.
How to Use This Calculator
Enter your loan amount, interest rate, and preferred tenure. The calculator will instantly show your monthly EMI, total interest, and total payment amount.