Loan Calculator
Calculate monthly payments, total payment, and total interest for a loan.
Loan Amount ($)
Annual Interest Rate (%)
Loan Term (Years)
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Monthly Payment
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Total Payment
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Total Interest
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Formula:
EMI = [P × r × (1+r)^n] ÷ [(1+r)^n − 1]
where P = Loan Amount, r = monthly interest rate, n = number of months.