EMI Calculator
Calculate your loan EMI, interest and payment schedule
Calculate Your EMI
Monthly EMI: ₹0.00
Total Interest: ₹0.00
Total Payable: ₹0.00
About EMI Calculator
Our EMI calculator helps you estimate your monthly loan payments based on the loan amount, interest rate and tenure.
How to Use
- Enter the loan amount you wish to borrow
- Input the annual interest rate offered by the lender
- Select the loan tenure in months or years
- Click "Calculate EMI" to see your results
What is EMI?
EMI (Equated Monthly Installment) is the fixed payment amount made by a borrower to a lender at a specified date each calendar month.
Factors Affecting EMI
- Loan Amount: Higher principal leads to higher EMI
- Interest Rate: Higher rates increase your EMI
- Loan Tenure: Longer tenure reduces EMI but increases total interest
Tips for Loan Planning
- Try to keep EMI below 40% of your monthly income
- Shorter tenures save interest but increase EMI
- Compare offers from multiple lenders