Loan Payment Calculator
Compute the monthly payment (EMI) for a loan given principal, annual rate, and term.
Calculator
Loan Payment Calculator
Result
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Formula
EMI = P·r·(1+r)^n ÷ ((1+r)^n − 1), r monthly
Step-by-step
- 1
Enter the loan amount
How much you are borrowing.
- 2
Enter rate and term
Annual interest rate and years to repay.
Worked example
Example input: principal: 20000, rate: 6, years: 5
Result: 386.66
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