EMI Calculator

EMI Calculator

In this post, we have tried to provide easy to use EMI Calculator.

Equal Monthly Installment (EMI) is very useful in case of home loan, personal loan, vehicle loan and other similar loan when you have to pay  EMI over fixed tenure of loan. e.g. Home Loan EMI for 20 years (240 Months) when Principal loan amount and interest there on are bifurcated on monthly basis over tenure of loan. This EMI amount remain fixed on monthly basis .

During initial year of Loan, interest amount will be higher and Principal repayment lower.EMI will help to plan your financial as monthly EMI amount is fixed.

Below mention calculator will provide Monthly installment amount based on three inputs as mention below:

  1. Loan Amount: Please enter Loan Amount
  2. Loan Tenure in Months: Please enter Loan tenure in months and not in years.
  3. Annual Interest (%): Please enter Annual interest Rate without % sign.
  4. Click on Calculate Button.
  5. You will get EMI Amount.

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Hope you like this easy and simple EMI Calculator . Do give you valuable feedback in comment section.

Do your finance planning today. Read our post What is Financial Planning ?

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  • CA. Kalpesh Karia

    CA. Kalpesh Karia is a Fellow Chartered Accountant . He founded and developed this blog ' FinanceFriend.in ' in 2012. He regularly posts articles related to finance and taxation on his blog. As the name suggests, he is trying to be a Finance Friend and wants to give back to society what he has learned over the years. He shares knowledge based on his 18 years of experiences in areas like Finance, Accounts, Taxation, Forex & Treasury , Wealth Management & Financial Planning, Costing, SAP and Digital Transformation .

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