Loan Calculators
Calculate your loan EMIs and interest.
Monthly EMI
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Total Interest
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Total Amount Payable
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What is EMI?
EMI (Equated Monthly Installment) is 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.
Factors Affecting Your Loan
- Principal: The total amount you borrow.
- Interest Rate: The cost of borrowing, usually expressed as a percentage per annum.
- Tenure: The time period over which you repay the loan. Longer tenure reduces EMI but increases total interest paid.