EMI Calculator
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Calculate your monthly car loan EMI with our easy-to-use calculator. Enter the loan amount, down payment, interest rate, and tenure to get instant results.
EMI (Equated Monthly Installment) is the fixed amount you pay every month towards your car loan. It includes both principal and interest components.
Our calculator uses reducing balance method where interest is calculated on the outstanding principal amount, which decreases over time.
A down payment of 20% or more reduces your loan amount and monthly EMI. Higher down payment means lower EMI.
Longer tenure (5-7 years) reduces monthly EMI but increases total interest. Shorter tenure increases EMI but saves on interest.
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