Monthly EMI
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Total Interest
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Total Payment
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Understanding Your Loan EMI
An Equated Monthly Instalment (EMI) is a fixed payment amount made by a borrower to a lender at a specified date each calendar month. EMIs are used to pay off both interest and principal each month so that over a specified number of years, the loan is paid off in full. Our Loan EMI calculator helps you understand this breakdown and plan your finances effectively.
How This Calculator Empowers You
Plan Your Budget
Instantly know your monthly outflow, allowing you to plan your budget and make informed decisions about your loan.
See the True Cost
The visual chart clearly shows the total interest you'll pay over the loan tenure, helping you understand the real cost.
Compare Loan Options
Quickly adjust the interest rate and tenure to compare different loan offers from various banks and choose the best one for you.
Frequently Asked Questions
Disclaimer: This calculator provides an estimate for illustrative purposes only. The actual EMI may vary based on the terms and conditions offered by your lender.