EMI Calculator

An Equated Monthly Installment (EMI) is a fixed payment amount made by a borrower to a lender at a specified date each calendar month. Our EMI Calculator helps you compute the monthly installment for any loan, whether it's a personal loan, car loan, or any other type of loan. By providing the loan amount, interest rate, and tenure, you can quickly determine your monthly outgo and plan your finances accordingly. This tool is essential for anyone considering taking a loan, as it provides a clear breakdown of the total interest and principal amount you'll be paying.

To understand more about how EMIs are calculated, you can refer to the detailed guide on Investopedia.