An EMI (Equated Monthly Installment) calculator is a tool that helps you determine the fixed monthly payment required to repay a loan over a specified period. The EMI amount consists of both the principal amount and the interest on the loan. Using an EMI calculator, borrowers can plan their finances by understanding the monthly outflow required to service the loan.
Principal amount: ₹
Your Monthly EMI is: ₹
Total amount payable: ₹
Total Interest Paid: ₹