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EMI Calculator

Use EasyCalcy's free EMI calculator to estimate your monthly loan payments, total interest, and total repayment. Perfect for planning home, car, or personal loans.

Related: Mortgage Compound Discount

Frequently asked questions

How is EMI calculated?
EMI is calculated using the formula: EMI = [P × R × (1+R)^N] / [(1+R)^N – 1], where P=principal, R=monthly rate, N=number of months.
Can I prepay my loan?
Prepayment depends on the lender's policy. Check with your bank for prepayment penalties or rules.
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