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๐Ÿฆ EMI Calculator

Calculate monthly EMI, total interest & payment schedule for home, car, or personal loans instantly.

โš™๏ธ Loan Details

๐Ÿ“– How EMI is Calculated

EMI Formula: EMI = P ร— r ร— (1+r)n รท [(1+r)n โˆ’ 1]
where P = Principal, r = Monthly rate (annual รท 12 รท 100), n = Tenure in months
Loan Type Typical Rate Max Tenure Best For
๐Ÿ  Home Loan 8.35% โ€“ 9.5% 30 Years Property purchase
๐Ÿš— Car Loan 8.5% โ€“ 12% 7 Years Vehicle purchase
๐Ÿ‘ค Personal Loan 10.5% โ€“ 24% 5 Years Medical, travel, etc.
๐ŸŽ“ Education Loan 8% โ€“ 13% 15 Years Higher education

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