Pay only interest as EMI | Only 2 documents as business proof

image
Loan AmountINR
TenorMonths
Rate of InterestPercent

Total Interest Payable

Rs. 10,15,990

Total Payment (Principle + Interest)

Rs. 50,51,552

Your EMI will be per month

Rs. 66,429

 

Total Payment Breakup

 

Total Interest

Rs. 10,15,990

Principle Amount

Rs. 50,51,552

Total Payment (Principle + Interest)

Rs. 50,51,552

Repayment Schedule

  • Enrolment Number
  • Month
  • Principal Outstanding
  • Interest Component
  • Principal Component
  • EMI Amount
 

What is an EMI Calculator?

EMI calculator is a type of calculator which helps you calculate your monthly installments for repayment of your loan.

What is an EMI?

EMI stands for Equated Monthly Installment. It is the total amount payable every month until the loan has been fully repaid. EMI consists of a principal amount and interest on the loan.

How does an EMI Calculator work?

EMI calculator works on three main criterias – loan amount, tenor and the rate of interest Emi Calculator Formula E = P * r * (1+r)^n / ((1+r)^n-1) Where E is EMI P is the Principal Loan Amount r is the rate of interest calculated on a monthly basis n is the tenor/duration of the loan

How to use an EMI Calculator?

EMI Calculator is very easy to use. All you need to do is enter the following information: The Loan Amount Tenor (In Months) Rate of Interest

People Also Considered

Personal Loan People Considered Image

Personal Loan

Loan up to Rs. 25 lakh, for your myriad personal financial needs

APPLY
Fixed Deposit People Considered Image

Fixed Deposit

A secure way to make your savings grow

APPLY
Doctor Loan People Considered Image

Doctor Loan

Customised financial solutions designed exclusively for doctors

APPLY
Home Loan People Considered Image

Home Loan

Loan up to Rs. 10 crore, for all your home financing needs

APPLY