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| Year | Opening Balance | Principal Paid | Interest Paid | Closing Balance |
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An EMI (Equated Monthly Instalment) calculator helps you calculate the exact monthly payment towards your loan. Whether it's a home loan, car loan, or personal loan — get instant results using the standard formula used by all Indian banks.
EMI = [P × R × (1+R)^N] / [(1+R)^N – 1]
Where: P = Principal, R = Monthly rate (Annual ÷ 12 ÷ 100), N = Tenure in months
SBI, HDFC, ICICI offer home loans at 8.5%–10.5% p.a. in 2025. Your rate depends on credit score, income, and loan amount. Maintain a CIBIL score above 750 to qualify for the best rates.