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The equated monthly installment is the amount of money you will have to pay every month to the financier. With the help of this calculator, you can figure out what your EMI will be. All you have to do is fill in the rate of interest, the loan amount and the repayment tenure.
The rate of interest is calculated on an annual reducing basis.

  EMI Calculator
 Loan Amount(L)=
 Rate of interest (r)=
 Period of Loan (in years)(n)=
 
Rs.
    

Coming to grips with EMI