What is EMI Calculator?

The EMI Calculator is a tool that helps you determine the monthly installment (EMI) you need to pay for a loan based on the principal amount, annual interest rate, and loan tenure. It also calculates the total payment over the loan period and the total interest you will pay. This calculator is useful for planning finances, budgeting loan repayments, and comparing different loan options.

How to Use :

1. Enter Loan Amount: Input the total loan you intend to borrow.
2. Enter Annual Interest Rate: Provide the yearly interest rate (%) charged by the lender.
3. Enter Loan Tenure: Input the duration of the loan in years.
4. Click “Calculate EMI”: The calculator computes your monthly EMI, total payment, and total interest.
5. Review the Result: Use this data to manage your monthly budget and understand the overall cost of the loan.