Loan/EMI Calculator

Understanding Your Loan EMI

An Equated Monthly Installment (EMI) is the fixed payment you make to a lender each month to repay your loan. It's a combination of both the principal amount borrowed and the interest accrued. Our calculator simplifies this complex calculation, giving you a clear picture of your monthly financial commitment.

How Does the Loan Calculator Work?

By inputting three key variables: the total Loan Amount, the annual Interest Rate, and the Loan Term in years, our tool uses a standard financial formula to instantly compute your monthly EMI. This helps you compare different loan options and understand how changes in interest rates or tenure can affect your monthly payments, allowing you to plan your budget effectively.