How it’s calculated
EMI = P × r × (1+r)^n / ((1+r)^n − 1)
- P: principal
- r: monthly interest rate (APR ÷ 12)
- n: number of payments (months)
Rounded to paise; displayed via Intl.NumberFormat('hi-IN').
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EMI = P × r × (1+r)^n / ((1+r)^n − 1)
Rounded to paise; displayed via Intl.NumberFormat('hi-IN').