EMI Calculator

₹50K ₹1Cr
%
1 30
1 30

Monthly EMI

₹0

Total Amount: ₹0
Interest: ₹0

How EMI Works

EMI Formula

EMI = [P x R x (1+R)^N] / [(1+R)^N-1] where P is principal, R is monthly interest rate, N is tenure in months.

Principal vs Interest

Initially, a larger portion goes towards interest. Over time, more goes towards principal repayment.

Tenure Impact

Longer tenure means lower EMI but higher total interest. Shorter tenure means higher EMI but lower total cost.

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