EMI stands for Equated Monthly Installment. It is the fixed monthly payment you make to repay a loan. The EMI includes both the loan principal amount and the interest charged by the lender.
Enter the loan amount, annual interest rate and loan tenure in months. Click the calculate button to instantly see your estimated monthly EMI payment.
If you take a loan of ₹5,00,000 at 9% interest for 60 months, the EMI will be calculated automatically using the EMI formula.
Calculating EMI helps you understand your monthly financial commitment and allows you to plan your budget before applying for a loan.