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Calculate your Equated Monthly Installment (EMI) for home loans, personal loans, and car loans. Plan your finances better!
Equated Monthly Installment is a fixed payment amount made by a borrower to a lender at a specified date each month.
Initially, a larger portion of your EMI goes toward interest. Over time, more goes toward the principal amount.
Making prepayments can significantly reduce your total interest burden and loan tenure.