Loan EMI Calculator
Use this free **loan calculator** to calculate your monthly **EMI payments** for personal loans, car loans, or education loans. This **EMI calculator** shows you how much you’ll pay each month, along with the total interest and total repayment amount.
How This EMI Calculator Works
The calculator uses the standard **EMI formula**:
EMI = P × r × (1+r)^n / ((1+r)^n − 1)
- P = Loan Amount
- r = Monthly Interest Rate
- n = Loan Term in Months
Example:
Loan = $10,000 | Interest = 12% | Term = 24 months
- Monthly EMI ≈ $470
- Total Interest ≈ $1,280
- Total Repayment ≈ $11,280
Note: This **loan repayment calculator** gives estimates only. Actual EMI may vary depending on lender charges and policies.
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