Important Disclaimer:

1. This EMI calculator provides approximate results for educational and informational purposes only.
2. The actual EMI amount may vary based on the lender’s policies, processing fees, and other charges.
3. Interest rates are subject to change without prior notice.
4. The calculator assumes a fixed interest rate for the entire loan tenure.
5. Prepayment charges, insurance costs, and other fees are not included in this calculation.
6. Results are based on standard reducing balance method of interest calculation.
7. We are not responsible for any financial decisions made based on this calculator’s results.
8. Users should consult with qualified financial advisors before making any loan decisions.
9. The calculator does not constitute a loan offer or guarantee of loan approval.
10. All figures are in Indian Rupees (₹) unless otherwise specified.
11. We reserve the right to modify the calculator and these terms without prior notice.
12. By using this calculator, you agree to these terms and conditions.

Calculation Formula:
EMI = [P x R x (1+R)^N] / [(1+R)^N-1]
Where:
P = Principal Loan Amount
R = Monthly Interest Rate (Annual Rate/12/100)
N = Loan Tenure in Months

Contact Information:
For accurate loan information, please contact your financial institution directly.