🧾 What is an EMI Calculator?

An EMI Calculator is a financial tool that helps users compute the fixed monthly amount (EMI) they must pay to repay a loan over a specified tenure at a given interest rate. It’s commonly used for personal loans, home loans, car loans, and education loans.

✅ Features of an EMI Calculator

1. Instant Calculation – No manual computation needed.
2. Breakdown of Payments – Shows total interest and total repayment.
3. Amortization Schedule – Displays monthly split of interest and principal.
4. Comparison Tool – Helps evaluate different loan options.

Disclaimer:

Important: The EMI Calculator is provided for general informational purposes only. While we strive for accuracy, the results are estimates based on the values entered and the standard EMI formula.

Actual loan EMIs may vary based on:

• Bank or lender policies
• Daily reducing balance vs monthly reducing
• Processing fees or additional charges
• Changes in interest rates (floating rates)

Please consult with your financial institution or loan advisor before making any borrowing decisions. We are not liable for any financial loss or decisions made based on this calculator.