An Equated Monthly Installment (EMI) is defined as “ A fixed payment amount made by a borrower to a lender at a specified date each calendar month. Equated monthly installments are used to pay off both interest and principal each month, so that over a specified number of years, the loan is paid off in full. ”
Please enter the loan amount which you want, interest rate & time in years. EMI will calculate the installment on reducing balance. EMI Calculator will not include any type of processing fee or any other charges which may be applicable as per the rules of financing institutions.
This calculation will show the EMI amount in Indian Rupee rounded to the nearest whole figure. The calculation which will be performed by EMI Calculator will be based on the information you will enter and will be for illustrative purposes only.