EMI calculator

What is an EMI?
EMI is "Equated Monthly Installment". It is a fixed payment amount made by a borrower to a lender at a specified date each calendar month so that it can set off both principal and interest components of a loan over a specified number of months (or years).
What is an EMI calculator?
An EMI calculator calculates the monthly EMI basis principal amount, applicable rate of interest and loan period.

Principal amount
Rate of interest(%)
Duration of loan (loan term)


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