EMI Calculator
Sumarry
EMI per month
₹ {{emi}}
Total Interest
₹ {{totalInterest}}
Total Payout
₹ {{totalPayout}}
What is an EMI ?
A loan is a financial agreement between two parties, a lender and a borrower. Under this agreement, the lender gives a specific amount of money to the borrower with the intent that the amount borrowed is paid back with interest as monthly installments over a predetermined period of time by the borrower. Using an EMI calculator is the easiest way to determine your monthly payouts and balance your budget accordingly.