Loan amount
$
Interest rate
%
Period
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    9 Number of calculations
    |

    Formula

    EMI = ( P × r × (1+r)n ) / ((1+r)n − 1)
    Total Loan Repayment = Monthly Payment * n

    • EMI = Equated Monthly Installment
    • P = Loan Amount
    • r = Annual Interest rate / 1200
    • n = Terms/Period