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EMI is calculated as EMI = P x r x (1+r)^n / ((1+r)^n - 1), where P is the principal, r is the monthly interest rate and n is the tenure in months.\n\nA longer tenure lowers the EMI but increases total interest paid. A shorter tenure raises the EMI but reduces total interest. Use the ShivLoans EMI calculator to compare scenarios before you apply.
Personal Loan · 4 min read
Understanding Your Personal Loan EMI
How EMI is calculated and what changes when you adjust amount, rate or tenure.
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