EMI Calculator (Car Loan, Home Loan, Education, Personal Loan)

EMI Full Form: (Equated Monthly Installment)

What is EMI: EMI is the payable amount that one has to pay to the bank or any other financial institution every month until the loan amount is fully paid up.

About EMI Calculator: It is very easy to use, simple to understand and quick to perform calculations.

How it works: EMI Calculator calculates monthly installments with interest and number of years. This calculator is useful in banks and financial institutions. It calculates interest on the loan including the principal amount. This amount is divided into installments i.e., the number of months, and has to be paid monthly.

How to use:

Enter: Principal (Loan amount), Interest Rate and Loan Tenure (no. of months or years) in the calculator and then click calculate.

Example: