EMI stands for Equated Monthly Instalment. It is a fixed monthly payment to a lending institution towards repaying a loan taken by a borrower from the institution. EMI is payable on a fixed date every month.

EMI is a monthly payment facility for repaying a loan taken from a lending institution. EMI makes it easier for borrowers to repay the loan over a longer period without a heavy financial burden. EMI is a helpful financial tool when used sensibly and within one’s repayment capacity.

EMI Calculator Online 2025

Q: What factors affect EMI?

Principal amount of the loan, the rate of interest, and the tenure of the loan are the factors that affect EMI.

Q: Is EMI different for different types of loans?

EMI depends on the loan amount, tenure, and interest rate for any type of loan. EMIs can be larger and run for a longer period for large quantum loans such as home loans.

Q: How does an EMI Calculator help?

The EMI calculator helps you to estimate how much EMI you will incur for different values of loan, tenure, and interest. It helps you plan your monthly finances based on your repayment ability.

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EMI Calculator

Loan Amount

₹

Tenure

Interest Rate

Monthly EMI

₹16,105

Loan Amount

₹10,00,000

Interest Amount

₹1,59,555

Total Amount Payable

₹11,59,555

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What is an EMI Calculator?

An EMI Calculator is a financial tool that helps you estimate the EMI (Equated Monthly Instalment) for your loan repayment. It can be used to calculate EMI for any loan such as a home loan, personal loan, vehicle loan, etc.

The EMI loan calculator requires inputs such as loan amount, interest rate, and loan tenure to calculate the EMI amount.

It also shows the total interest payable and principal amount for the entire loan. The online EMI calculator is a useful tool for borrowers to plan their monthly loan instalment outgo.