EMI Calculator
Calculate your Equated Monthly Installment for loans.
Loan Details
₹10,00,000
8.50%
5
Loan Repayment Details
Based on your inputs, here is your loan repayment summary.
Monthly EMI
₹20,517
Principal Amount
₹10,00,000
Total Interest
₹2,30,992
Total Payment
₹12,30,992
About the EMI Calculator
The Equated Monthly Installment (EMI) Calculator is a powerful financial tool designed to help you understand the dynamics of loan repayment. Whether you are planning to take a home loan, car loan, personal loan, or any other type of loan, this calculator provides a clear picture of your monthly financial commitment, the total interest you'll pay, and the overall cost of the loan.
How to Use the EMI Calculator
- Enter Loan Amount: Use the slider to input the total principal amount you wish to borrow.
- Set the Interest Rate: Adjust the slider to enter the annual interest rate offered by your lender.
- Select the Loan Tenure: Choose the total repayment period in years using the slider.
- View Your Results: The calculator will instantly display your monthly EMI, the total interest payable over the loan's lifetime, and the total amount you will repay (Principal + Interest). The pie chart provides a visual breakdown of the principal versus the interest component.
Who Can Benefit from This Tool?
This calculator is invaluable for anyone planning to take on debt. It is particularly useful for:
- First-time Home Buyers: To estimate their monthly mortgage payments and plan their budget accordingly.
- Car Buyers: To understand the financial impact of a new car loan.
- Students: To plan for the repayment of their education loans.
- Financial Planners and Advisors: To assist clients in making informed borrowing decisions.