EMI calculator

What is an EMI?
:
EMI is "Equated Monthly Installment". It is a fixed payment amount made by a borrower to a lender at a specified date each calendar month so that it can set off both principal and interest components of a loan over a specified number of months (or years).
What is an EMI calculator?
:
An EMI calculator calculates the monthly EMI basis principal amount, applicable rate of interest and loan period.

Principal amount
*
 
Rate of interest(%)
*
%
Duration of loan (loan term)
*
years

 
 

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