How is loan EMI calculated?

Loan EMI is calculated using the formula: EMI = [P × R × (1+R)^N] / [(1+R)^N-1], where P is principal amount, R is monthly interest rate (annual rate/12), and N is number of monthly installments. Our calculator instantly computes this for you.

What factors affect loan EMI amount?

Loan EMI is affected by three main factors: 1) Loan amount (principal) - higher amount means higher EMI, 2) Interest rate - higher rate increases EMI, 3) Loan tenure - longer tenure reduces EMI but increases total interest paid.

How does SIP investment work?

SIP (Systematic Investment Plan) allows you to invest a fixed amount regularly in mutual funds. It uses rupee cost averaging - you buy more units when prices are low and fewer when high, potentially reducing average cost per unit over time.

What is the benefit of using a loan calculator?

A loan calculator helps you: plan your budget by knowing exact monthly payments, compare different loan options, understand total interest cost, see amortization schedule, and make informed financial decisions before applying for loans.

Can I use this calculator for different types of loans?

Yes, our EMI calculator works for all types of loans including home loans, personal loans, car loans, education loans, and business loans. The calculation method remains the same regardless of loan type.

How accurate are the SIP return calculations?

SIP calculations are based on compound interest formula and assumed return rates. Actual returns may vary due to market fluctuations. Our calculator provides projections to help with financial planning, not guaranteed returns.

Loan EMI Calculator – Free Online Tool

Loan Amount

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Interest Rate (Annual %)

Loan Tenure (Years)

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Calculation Results

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Monthly Investment Amount

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Expected Annual Return (%)

Investment Duration (Years)

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Calculation Results

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