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Loan EMI Calculator

Recalculate your Loan EMI and Total Interest Due in a snap!

EMI Calculator

Loan Details

Loan EMI :
0
Total Payable Interest :
0
Total Payment(Principal + Int) :
0

Break-up of Loan Details

Loan EMI
Total Payable Interest
Total Payment (Principal + Int)

What Is EMI??

EMI (Equated Monthly Installments) is the payment that is made by the borrower every month for repayment of the loan. EMI constitutes the principal amount along with the accrued interest; hence the amount of your monthly EMI depends on certain factors pertaining to your loan.

You can calculate the EMI applicable to your loan using the formula for calculating EMI.

But, calculating EMIs using the formula involves complicated calculations and can be time consuming. Rather, an EMI calculator is a better choice as it determines EMIs within seconds.

All you have to do is enter the variables of your loan, such as the principal amount, tenure and interest rate. The calculator instantly fetches a result which is your EMI.

Not only your EMI Calculation becomes easier, but also you enjoy other benefits:

1. When you finally know your EMI amount, you can easily plan your finance further.

2. You name it and our calculator will find you amount for any type of loan.

3. Also, it helps you keep a track of your loan eligibility.

4. Gives you a clear idea regarding your interest rates.

5. Helps you keep a check on your overall savings.