EMI as we know refers to ‘Equated Monthly Instalment’, which is usually a fixed amount of payment. In simple words, EMI is an amount of money a borrower owes to his/her lender for any particular service/product/property at a specific date every month. EMIs are basically calculated on the basis of principal loan amount and interest amount together.
Our EMI calculator helps you to calculate the equated monthly instalments (EMIs) you will be eligible to pay each month till the loan is fully paid. This EMI calculator calculates the instalments based on your loan amount, the interest rate and the tenure. Go ahead and calculate your EMI using our below EMI calculator:
