📊 Loan EMI Calculator

Calculate loan EMI, interest, and payment schedules with detailed breakdown

🔍 Results:
Monthly EMI: ₹0.00
Total Interest Payable: ₹0.00
Total Payment (Principal + Interest): ₹0.00
💡 About EMI Calculation

EMI (Equated Monthly Installment) is calculated using the formula:

EMI = P × r × (1 + r)ⁿ / ((1 + r)ⁿ - 1)

Where:

  • P = Principal loan amount
  • r = Monthly interest rate (annual rate ÷ 12 ÷ 100)
  • n = Total number of months
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