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EMI Calculator
Reducing-balance EMI for any personal loan. Classroom maths only — not investment advice and not a broker product.
Inputs
Monthly EMI
₹11,122
- Total interest
- ₹1,67,333
- Total payment
- ₹6,67,333
- Months
- 60
How this works
- Monthly rate r = annual rate ÷ 12 ÷ 100.
- EMI = P × r × (1+r)^n / ((1+r)^n − 1).
- Total interest = EMI × n − principal.
Educational only. PaisaTrade is not a broker and not SEBI-registered investment advice. Verify figures with your bank, broker, or tax professional before acting.
FAQs
Is this flat-rate EMI?
No. We use reducing-balance EMI, which is the professional standard for most Indian retail loans.
Are processing fees included?
No. Add fees to principal manually if your lender capitalises them.