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EMI Calculator
 
EMI Calculator

The EMI (Equated Monthly Installment) calculator helps you calculate how much you need to pay every month towards your loan repayment, based on the Loan Amount, Interest rate and Tenure.

Loan Amount*

Interest Rate (Reducing)*

Loan Tenure (Months)*

Monthly Payment (EMI)

 


Calculated Monthly EMI
Total Amount with Interest
Flat Interest Rate Per Anum
Flat Interest Rate Per Month
Total Interest Amount
Annual Interest Amount


You can use our EMI calculator as a quick guide before availing for any kind of loan. This EMI calculator is very easy to use and provide the results instantly. EMI calculator guide you how affordable a loan can be for you by providing all important information like Monthly EMI, total interest amount etc. It’s very beneficial to use the calculator to get a quick quote on your EMIs. If the quote satisfies you as per your requirement, then apply accordingly. It is as simple as that.

Finance Glossary:
  • Loan Amount: Amount which you intend to borrow. Excludes downpayment.
  • EMI: Equal Monthly Installment of the loan that you have to pay each month.
    EMI Type: Depending on the financial institution EMI's may be of 2 types viz.
    EMI in Advance: You have to pay the EMI at the start of the loan followed by beginning of each month. Also known as Front-Loaded EMI.
    EMI in Arrears: You have to pay the EMI at the end of each month. Also known as Rear-Ended EMI.
  • Loan Term: Period of the loan in months.
  • Interest Rate: Interest on the loan is calculated monthly on the outstanding balance at 1/12 of the annual interest rate.
Followings are the easy steps to use this EMI calculator:
  • Enter a loan amount (valid number) you wish to avail in the EMI calculator.
  • Enter the rate of interest (reducing).
  • Enter the loan tenure in months (a valid number).
  • Press "calculate".
  • The EMI calculator will display exact EMI amount for the given loan amount and the tenure.
Following are some more results along with the EMI:
  • Total Amount with Interest
  • Flat Interest Rate Per Anum
  • Flat Interest Rate Per Month
  • Total Interest Amount
  • Annual Interest Amount
Disclaimer: All calculators and comparators are developed based on certain assumptions which may not be true in your case. You are suggested to consult your personal financial advisor prior to make any decision/investment. Amsri disclaims any responsibility for any decision taken based on these calculators and comparators or the information provided herein.