# EMI Calculator

Compute EMIs that Define Your Financial Path!

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## What is an EMI?

Equated Monthly installment, abbreviated as EMI, is the monthly amount paid on loan.
It includes interest and a part of the principal amount to be repaid monthly.

### Here’s a formula to calculate EMI.

EMI = P x R x (1+R)^N / [(1+R)^N-1]

In this formula, the variables stand for:

P = Principal loan amount borrowed

R = Rate of interest

N = Loan tenure/total number of monthly payments

An EMI calculator ensures easier and more accurate computations.

• EMI = P x R x (1+R)^N / [(1+R)^N-1]
• In this formula, the variables stand for:
• P = Principal loan amount borrowed
• R = Rate of interest
• N = Loan tenure/total number of monthly payments

## How to use our calculator?

4 Easy Steps to Compute EMIs with Munim!

• Open Our EMI Calculator
• Loan Amount
Enter the loan amount you have applied for.
• Rate of Interest
Select the interest applied to your loan amount.
• Loan Tenure
Choose the time period to pay the loan amount.

## Get Any of these EMI Calculators Based on your Loan Requirements!

• Home Loan EMI Calculator
Calculate your home loan EMIs easily with us. These EMIs are sanctioned based on the property value and the borrower’s capacity to repay the debt. Access your home loan EMI’s right away with our user-friendly calculator.
• Car Loan EMI Calculator
A wide array of car loan schemes are available in the market. Avail our car EMI calculator to simplify monthly car loan EMI calculations. The repayment tenure for car loans is eight years. Hurry up! Calculate your EMIs with us.
• Education Loan EMI Calculator
Education loan finances the expenses of schooling requirements, easing the burden for parents. The students can pay this loan and the interest post the moratorium period. Calculate your loan EMIs now by entering the required details.
• Personal Loan EMI Calculator
High interest rates and low tenure accompany personal loans. Calculate your EMIs with our software that delivers precision in your financial journey.

## Factors Affecting the Due Amount

• Loan Tenure
The EMI amount is inversely proportional to the loan tenure. As the loan tenure increases, the EMI amount will decrease.
• Interest Rate
Interest rate plays a crucial role in calculating EMIs. You can opt for lower rates.
• Loan Amount
The loan amount is a significant factor that determines your EMI installments. The amount of loan you choose is directly proportional to the EMIs you must pay.

## Leverage the Perks of Our Online EMI Calculator!

1. Get 100% accurate EMI calculations.
2. Ensure anywhere and anytime access.
3. Instant computations for the loan amount and interest rate.
4. Easy-to-use solution.

## Our USPs

We Deliver the Best EMI Calculator for You!

• Accuracy
• Speed
• Customer Support
• Security