About EMI Calculator
EMI (Equated Monthly Installment) is a fixed payment amount made by a borrower to a lender at a specified date each calendar month. EMIs are used to pay off both interest and principal each month, so that over a specified number of years, the loan is fully paid off along with interest.
This EMI calculator helps you calculate the monthly installment amount for your loan, whether it's a home loan, car loan, or personal loan.