An Equated Monthly Installment (EMI) is usually a fixed amount of money that you need to pay your bank or lender every month as repayment of a loan taken, until your loan is totally repaid. It is essentially made up of two parts, the principal amount and the interest on the principal amount, divided across each month of the loan tenure.
The EMI is always paid to the bank or lender on a fixed date each month. This could be done though post-dated cheques issued in favor of the lender or by providing auto debit instructions to your bank for the same.
Using our EMI calculator, Enter your Loan Amount, Tenure and Rate of Interest to get your EMI.
Use our calculator to check your:
Home Loan EMI
Personal Loan EMI
Auto Loan EMI
Education Loan EMI
Business Loan EMI
Mortgage Loan EMI
Any Loan EMI
The application is completely free and work offline as well.
Keywords: EMI Calculator, Home Loan EMI, Business Loan EMI, Personal Loan EMI, Financial Calculator,