EMI Calculator
Monthly EMI: ₹0
Total Amount: ₹0
Total Interest: ₹0
Frequently Asked Questions
What is EMI?
EMI (Equated Monthly Installment) is fixed monthly payment for loan repayment.
How is EMI calculated?
EMI = [P × r × (1+r)^n] / [(1+r)^n – 1], where P=principal, r=monthly rate, n=months.
Can EMI be prepaid?
Yes, most loans allow prepayment with reduced interest burden.