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About This Tool
The EMI (Equated Monthly Installment) Calculator helps you determine the fixed monthly payment for any loan. It provides a comprehensive breakdown showing how much of each payment goes toward principal versus interest.
EMI is calculated using the formula: EMI = P × r × (1+r)^n / ((1+r)^n - 1). The tool also shows a year-by-year breakdown of the outstanding balance so you can track your loan payoff progress.
Use this calculator for home loans, car loans, personal loans, or any installment-based borrowing to plan your monthly budget effectively.