These payments include the principal amount as well as the interest i.e. EMI = Principal Amount + Interest on Principal amount. Mathematically, EMI can be calculated using the following formula ...

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These payments include the principal amount as well as the interest i.e. EMI = Principal Amount + Interest on Principal amount. Mathematically, EMI can be calculated using the following formula ...

The most effective way to do it is to use the personal loan EMI calculator. It is a great tool wherein you can enter three variables to find out your monthly instalment. If you want to reduce your ...

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Another decision which an applicant takes is about the loan tenure. Longer the loan tenure, smaller the EMI and shorter the tenure of loan, higher would be the loan EMI. Sounds too complex?