What is an EMI Calculator?
The EMI calculator checks the estimated monthly EMI payment and total payable interest before borrowing a car, home, or personal loan. It also shows a monthly repayment schedule including interest, principal, and loan balance.
Simply input the loan amount, rate of interest (%), loan tenure (years or months) and click the 'Calculate' button. As a result, the tool returns the principal amount, interest amount, and final amount (principal + interest) based on the given inputs.
