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EMI Calculator
Calculate Equated Monthly Installment
Taking a loan costs money in the form of processing fees, CIBIL check and most significantly loan interest. All of these charges along with the loan principal have to be paid back via equated monthly instalments or EMI. An EMI calculator is a tool that helps you figure out how much your monthly EMI payments will be so that you can pay back your loan in full.
Read on to know details of how an EMI calculator works, its calculation formula and how to use it so that you can figure out how much you have to pay monthly to pay out a loan that you plan to take.
You Get
Loan EMI (Monthly)
₹359
Interest Payable
₹18,041
Total Payment (Principal + Interest)
₹43,041