Introduction

Are you planning to take a loan but unsure about the monthly EMIs? The Loan EMI Calculator by Raptas Financial Solutions helps you calculate your monthly loan repayment amount in seconds. Whether you are in Mumbai, Pune, or other cities, this tool ensures hassle-free financial planning for personal or business loans.

What is a Loan Calculator?

A Loan Calculator helps determine the Equated Monthly Installment (EMI) for a loan based on the loan amount, interest rate, and loan tenure. It simplifies loan planning and gives you clarity on repayment schedules.

Loan EMI Formula

The formula to calculate EMI is:

$\frac{P \times r \times (1 + r)^n}{(1 + r)^n - 1}$

EMI = Equated Monthly Installment
P = Loan Principal Amount
r = Monthly Interest Rate (Annual Rate ÷ 12)
n = Loan Tenure (in months)

How to Use the Loan Calculator?

Enter the loan amount (e.g., ₹10,00,000).
Input the annual interest rate (e.g., 8%).
Enter the loan tenure in months or years.
Click Calculate to get your EMI amount.

Benefits of Loan EMI Calculator

Time-Saving: No manual calculations needed.
Accurate Results: Estimate EMIs instantly.
User-Friendly: Perfect for users in Pune, Mumbai, and across India.
Decision-Making: Compare loan options easily.

Example

If you take a loan of ₹10,00,000 at 8% annual interest for 5 years:

EMI = ₹20,276/month
Total Repayment = ₹12,16,560

FAQs

Q1: What types of loans can I calculate using this tool?
A: Personal loans, business loans, home loans, and car loans.

Q2: Is this tool useful for businesses in Mumbai and Pune?
A: Yes, it's ideal for SMEs, startups, and professionals in metro cities.

Q3: How accurate is the EMI result?

A: The calculator provides 100% accurate estimates.

Loan Calculator