If you have a desired loan amount, your desired interest rate, and your ideal loan tenure, this calculator can give you the equated monthly installment (EMI) that you will have to pay. What you get here is a benchmark to measure various lenders against. Compare the EMI amount you arrive at using this calculator with the EMIs offered by the various lenders. It will help you to understand exactly what the interest rate offered by each lender is, and thus negotiate for a better deal. Happy Calculating!

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