EMI Calculator
Calculate your Equated Monthly Installment (EMI).
About EMI Calculator
The EMI (Equated Monthly Installment) Calculator helps you easily calculate your monthly loan installments. Understand how much you'll need to pay each month for your home loan, car loan, or personal loan. Simply enter the loan amount, the annual interest rate, and the loan tenure.
What is EMI?
EMI stands for Equated Monthly Installment. It's a fixed payment amount made by a borrower to a lender at a specified date each calendar month. EMIs are used to pay off both interest and principal each month so that over a specified number of years, the loan is paid off in full.
How to Use:
- Loan Amount: Enter the total principal amount you are borrowing.
- Interest Rate (%): Input the annual rate of interest.
- Loan Tenure: Specify the loan repayment period in years and/or months.
The calculator will provide:
- Your monthly EMI payment.
- The total interest you will pay over the loan tenure.
- The total amount (principal + interest) you will repay.