Loan Calculator

How it works

Our loan calculator uses the standard EMI formula to calculate your monthly payments. It takes into account the principal amount, interest rate, and loan term to provide accurate results.

EMI Formula

EMI = P × r × (1 + r)^n / ((1 + r)^n - 1)
Where: P = Principal, r = Monthly interest rate, n = Total number of months

Important Notes

• Interest rates are calculated on a monthly basis
• Results are estimates and may vary with actual bank rates
• Processing fees and other charges are not included
• Always consult with your bank for exact terms