Loan EMI Calculator
Loan EMI Calculator
Total amount you want to borrow.
Annual interest rate applied to your loan.
Duration over which you will repay the loan.
Understanding the Terms
Loan Amount: This is the total sum of money that you are borrowing from the lender. It is important to input the correct amount you need.
Interest Rate: This is the annual percentage that will be charged on your loan. The interest rate directly impacts your EMI amount and total repayment amount.
Loan Tenure: This refers to the duration over which you will repay the loan. You can choose to enter this in either months or years.
EMI (Equated Monthly Installment): This is the amount you will pay every month to repay the loan. It consists of both principal and interest components.
Amortization Schedule: This table outlines each payment you will make over the loan term, detailing how much of each payment goes toward the principal and interest.
EMI Frequency: This option allows you to select how often you will make payments. Choose from monthly, quarterly, or annually. Note that the EMI amount will vary based on this selection.