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🏦 Loan / EMI Calculator

Calculate monthly installment (EMI), total interest and total payment for any loan.

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How to use

  1. Enter the loan amount.
  2. Enter the annual rate and term.
  3. Results update instantly.

FAQ

What is the formula?

EMI = P×r×(1+r)^n ÷ ((1+r)^n − 1), r = monthly rate.

Does it work for Islamic finance?

Use the annual profit rate as an approximation.

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