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Calculate your equated monthly installment (EMI), total interest, and complete repayment schedule for any loan in seconds.
EMI is a fixed monthly payment made by a borrower to a lender on a set date each month. It includes both principal repayment and interest, calculated using the formula EMI = P × r × (1+r)^n / ((1+r)^n − 1).
60 months (5.0 years)
per month
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