EMI Calculator
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Amortization Schedule
| Period | Date | Interest Payment | Principal Payment | Remaining Balance |
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EMI Calculator
Are you thinking about applying for a loan? You're not by the way! The millions of people collect loans for many kinds of reasons, including schooling, residences, and automobiles. Use our calculator to figure out the total cost of your loan and estimate the frequency of your payments before making a decision.
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Amortization Schedule
In this calculator, you can find out the duration of your emi period. The table contains interest payment, remaining balance and principal amount.
Formula
EMI is calculated using the formula:
EMI = [P × R × (1 + R) ^ N] / [(1 + R) ^ (N - 1)]
- P - Principal loan amount
- R - Rate of interest (monthly)
- N - Loan tenure (number of months)
Types of Loan
Our EMI calculator help you estimate payments for various loan types, For Example
- Home Loan EMI
- Car Loan EMI
- Personal Loan EMI
- Education Loan EMI