Total Loan EMI Repayment Formula - Loan Calculators

Formula:

EMI = ( P × r × (1+r)n ) / ((1+r)n − 1)
Total Loan Repayment = EMI × n

Where
   EMI = Equated Monthly Installment
   P = Loan Amount
   r = Annual Interest rate / 1200
   n = Terms/Period

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