Vehicle InfoVehicle Info

EMI Calculator

Calculate your EMI for your home loan, car loan etc


What is EMI?

Any loan, whether for a house, a personal or vehicle purchase, is frequently described by terms like the principal, rate of interest, and tenure.

When you take out a loan for whatever reason, you must pay it back in equal monthly instalments, or EMIs.

An EMI is a set sum of money that you must consistently pay to your lender in order to pay back the loan.

On a set date each month, this money is often disbursed through check or internet transfer.

What factors affect EMI?

  • Loan Amount: The amount of money you borrow from a bank or financial institution.
  • Interest Rate: The rate at which the bank or financial institution charges interest on the loan amount.
  • Loan Tenure: The period for which you take the loan.
  • Interest Rate Type: The type of interest rate, floating or fixed etc.
  • Processing Fee: The fee charged by the bank or financial institution for processing the loan.
  • Prepayment Charges: The charges levied by the bank or financial institution if you repay the loan before the tenure ends.

How to calculate the EMI of my loan?

  • To calculate the EMI of your loan, you can use the EMI calculator tool available on our website.
  • You will need to enter the loan amount, interest rate, and tenure in the EMI calculator tool.
  • The EMI calculator tool will then calculate the EMI of your loan based on the information you provided.
  • You can use the EMI calculator tool to compare different loan options and choose the one that best suits your needs.