How This Calculator Works

• EMI Formula: P × r × (1+r)ⁿ ÷ ((1+r)ⁿ-1) where P=Principal, r=rate, n=tenure
• Loan Planning: Calculate monthly installments for personal, car, or home loans
• Budget Management: Plan your monthly expenses with accurate EMI amounts
• Interest Breakdown: Shows total interest payable over loan tenure