Calculate your Equated Monthly Installment for any personal, auto, or education loan.
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EMI = P x r x (1+r)^n / ((1+r)^n - 1), where P is the principal, r the monthly interest rate (annual rate / 12), and n the number of months.
An Equated Monthly Installment is a fixed monthly payment that covers both the interest due that month and a slice of the original loan. Your EMI does not change; the interest-to-principal split inside it does.
Lower the rate (shop lenders, improve credit), extend the term (lower payment, higher total interest), or reduce the loan amount. The rate is the lever with the biggest total-cost impact.