Loan EMI Calculator
Calculate monthly loan payments, total interest and an amortization schedule.
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How to use the Loan EMI Calculator
- 1
Enter the loan amount, interest rate and term.
- 2
See the monthly payment and total interest.
- 3
Review the year-by-year schedule.
Frequently asked questions
What formula is used?
EMI = P × r × (1 + r)^n ÷ ((1 + r)^n − 1), where r is the monthly rate and n the number of months.