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Enter your loan details to estimate your monthly instalment. This is an estimate only. Your lender's final figure may differ due to fees and rounding.
EMI = P × r × (1 + r)n / ((1 + r)n − 1), where P is the loan amount, r is the monthly interest rate (annual rate ÷ 12 ÷ 100) and n is the number of monthly instalments.
Before you borrow, compare offers using the total repayment amount. Read Personal loan vs credit card EMI for a simple method.