| Year | Principal Paid (₹) | Interest Paid (₹) | Total Payment (₹) | Balance Remaining (₹) |
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Equated Monthly Installment (EMI) is the fixed monthly amount paid toward clearing an active loan. The PhotoReduce EMI Calculator helps you plan your Home Loan, Car Loan, or Personal Loan repayments by calculating exact monthly EMIs, total interest, and year-by-year amortization balance.
$$\text{EMI} = P \times r \times \frac{(1 + r)^n}{(1 + r)^n - 1}$$