EMI Calculator | Loan Repayment Planning

EMI Calculator - Loan Repayment Planning

Lumpsum Calculator

EMI Calculator

Loan Amount

Rate of Interest (% p.a)

Loan Duration (Years)

Summary

Monthly EMI	₹0
Principal Amount	₹0
Total Interest Amount	₹0
Total Pay Amount	₹0
Rate of Interest % (p.a)	0%

Chart

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Investsphere Wealth’s EMI (Equated Monthly Installment) calculator is a free financial tool used to calculate the monthly installment amount required to repay a loan, such as a home loan, car loan, or personal loan, over a specified period. LM Wealth’s calculators are user-friendly and provide quick and accurate estimates of the monthly EMI based on the input parameters provided.

How to use LM Wealth EMI calculator?

Here’s how you can use a lump sum calculator:

Input Parameters: 1. Loan Amount: Enter the principal amount of the loan you wish to borrow. 2. Interest Rate: Input the annual interest rate charged by the lender, expressed as a percentage. 3. Loan Tenure: Specify the duration of the loan in terms of months or years. Calculation: The calculator uses the formula for calculating the Equated Monthly Installment (EMI) of a loan. The formula is:

EMI = [P × r × (1 + r)^n] / [(1 + r)^n – 1]

Where: EMI is the Equated Monthly Installment. P is the principal loan amount. r is the monthly interest rate (annual interest rate divided by 12 and expressed as a decimal). n is the loan tenure in months.