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Loan EMI Calculator

Use this calculator to determine your monthly EMI based on the loan amount, interest rate, and tenure.

Total Amount: ₹0.00 (EMI: ₹0.00)

Goods and Services Loan (EMI)

What does EMI stand for?

EMI, or Equated Monthly Installment, is a fixed payment amount that a borrower pays to a lender each month to repay a loan or debt. It consists of both the principal amount (the original loan) and the interest charged by the lender. This fixed payment schedule helps borrowers manage their finances by breaking down a large loan into smaller, predictable monthly payments.

How is Calculate EMI

EMI Formula:

EMI = [P × R × (1 + R)N] / [(1 + R)N – 1]
where:

  1. P = Principal loan amount
  2. R = Monthly interest rate (Annual rate ÷ 12 ÷ 100)
  3. N = Loan tenure in months

Is EMI Good or Bad?

  • Affordable Purchases: EMIs help you buy costly items (like phones, appliances, or cars) without paying the full amount upfront.
  • Financial Discipline: Regular EMI payments instill a habit of monthly budgeting and responsible spending.
  • Interest Burden: Longer loan tenures may result in paying significantly more due to accumulated interest.
  • Credit Impact: Timely EMI payments can improve your credit score, but missed payments can damage it.
  • Loan Trap Risk: Taking multiple EMIs at once can lead to debt stress or repayment difficulty if not managed properly.

Types of Loans

  1. 1. Home Loan
  2. 2. Personal Loan
  3. 3. Auto Loan
  4. 4. Education Loan
  5. 5. Business Loan
Need Help with EMI?

Use EMI software or calculators to stay compliant and manage EMI Loan Amount easily.

MEET THE TEAM

Bringing Passion & Expertise Together
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Ramendra Tripathi
Managing Partner

Ramendra is a seasoned legal professional with over a decade of specialized experience in Corporate Law, business restructuring, and management consultancy. His expertise encompasses drafting diverse agreements, setting up Foreign Joint Ventures and managing outsourced CFO functions.

Before founding his current firm, Ramendra played integral roles within the realms of private equity, technology, and consulting sectors. His close collaborations with these diverse entities provided invaluable experience, refining his abilities to navigate complex legal landscapes and spearhead strategic business initiatives with precision and finesse.

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Ishant Arora
Partner

Ishant is an experienced professional distinguished by his comprehensive background in corporate governance and legal compliance. Being a Fellow Member of the Institute of Company Secretaries of India, he brings a wealth of expertise to the forefront of regulatory navigation.
Ishant's proficiency spans a wide array of corporate secretarial services, ranging from overseeing board meetings and ensuring meticulous statutory compliance to providing adept representation before regulatory bodies like the Registrar of Companies (ROC), Regional Director (RD), and various governmental departments.

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