What is an EMI Calculator?

An EMI (Equated Monthly Installment) calculator is a tool that helps you estimate the monthly payment you'll need to make to repay a loan. It considers the loan amount, interest rate, and loan tenure.

How to Use the EMI Calculator:

Enter the following information:

• Loan Amount: The total amount you are borrowing.
• Loan Tenure (Months): The number of months you have to repay the loan.
• Annual Interest Rate (%): The annual interest rate charged on the loan.

What the Calculator Provides:

• EMI Payable: The monthly payment you will make.
• Total Interest Payable: The total interest you will pay over the life of the loan.
• Total Amount Payable: The total amount you will pay back (principal + interest).

Disclaimer: This EMI calculator is for informational purposes only and provides an estimate. Actual values may vary. Consult with a financial advisor or lender for accurate figures.