EMI Calculator Tanzania
Calculate your monthly loan repayment (EMI) for personal loans, business loans, and mortgages in Tanzania.
Loan Details
TZS 100,000TZS 100,000,000
5%35%
BOT base rate: ~5% | Bank loans: 15-25% | Microfinance: 20-35%
3 months120 months (10 years)
What is EMI?
EMI (Equated Monthly Installment) is a fixed payment you make each month to repay your loan. It includes both principal and interest components. The formula used is: EMI = P à r à (1+r)^n / ((1+r)^n - 1), where P is principal, r is monthly interest rate, and n is number of months.
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