EMI Calculator

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.

Some factors affecting EMI are

How to calculate the EMI of my loan?