Loan and EMI Calculator
Estimate a reducing-balance fixed-rate loan with monthly payments, optional down payment and processing fee.
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Loan and EMI Calculator formula
EMI = P × r × (1+r)^n ÷ ((1+r)^n − 1). Zero-interest loans use principal ÷ months.
Worked example
A 100,000 loan at 12% for 12 months has an estimated EMI of about 8,884.88.
How to use this calculator
- Enter loan amount, rate and term.
- Add a down payment or processing fee if needed.
- Calculate the monthly estimate.
Important assumptions and limitations
Results are estimates and may differ from actual lender calculations. Assumes fixed rate, monthly payments, no insurance or late fees.
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Frequently asked questions
Is this financial advice?
No. It is an estimate for comparison and planning.
How is down payment handled?
It is subtracted from the loan amount before EMI is calculated.