Calculate EMI for home loan, car loan, personal loan instantly with amortization schedule.
Home, car, personal, education loans. Full amortization schedule. SBI, HDFC, ICICI rates.
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EMI = [P x R x (1+R)^N] / [(1+R)^N - 1], where P is principal, R is monthly interest rate, N is number of installments.
Banks recommend total EMI should not exceed 40-50% of your monthly take-home salary.
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