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EMI Calculator
Calculate monthly EMI for loans with detailed payment schedule
Calculate EMI
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About EMI Calculation
EMI Formula
EMI is calculated using the reducing balance method:
EMI = P × r × (1 + r)^n / ((1 + r)^n - 1)
Where: P = Principal, r = Monthly Rate, n = Total Months
Payment Schedule
The payment schedule shows how your EMI is split between principal and interest:
- • Early payments have higher interest component
- • Later payments have higher principal component
- • Total interest decreases with shorter tenure
- • EMI remains constant throughout the loan period