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EMI Calculator Pakistan | Calculate Home, Car & Personal Loan EMI Instantly

🇵🇰 EMI Calculator – Pakistan

What is an EMI Calculator?

An EMI Calculator (Equated Monthly Installment Calculator) is a tool that helps you quickly calculate the monthly payment amount you need to pay when you take a loan.

What It Does:

It calculates:

  • 📅 Monthly EMI – the fixed amount you pay every month
  • 💰 Total Interest – how much extra you pay over the loan
  • 🧾 Total Repayment – principal + interest combined

How It Works:

It uses this formula:

ini

EMI = [P × r × (1 + r)^n] / [(1 + r)^n – 1]

Where:

  • P = Loan amount (principal)
  • r = Monthly interest rate
  • n = Number of monthly installments (loan tenure in months)

Why It’s Useful:

  • Helps you plan your finances
  • Lets you compare loan options
  • Shows how much interest you’ll pay
  • Can break down payments year by year or month by month

Example:

If you take a PKR 2,000,000 loan for 5 years at 11.5% interest, an EMI calculator will instantly show:

  • Monthly EMI: PKR 43,985
  • Total Interest: ~PKR 389,112
  • Total Repayment: ~PKR 2,389,112