An Equated Monthly Installment (EMI) 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 paid off in full.

Our EMI calculator helps you determine:

• The monthly amount you will need to pay.
• The total interest you will pay over the loan tenure.
• The total amount (principal + interest) you will repay.

This can help you make an informed decision about your loan affordability and plan your budget accordingly.