Loan Amount is 5,00,000
No. of Month is 250
Rate of Interest is 8.50%
Monthly EMI

Total Interest

Payable Amount

An EMI calculator is a tool that helps borrowers estimate the equated monthly installment (EMI) that they will have to pay towards their loan repayment. An EMI is a fixed payment that a borrower has to make every month towards repaying their loan, which typically includes a portion of the principal amount and the interest charged on the loan.

How to Use the calculator

To calculate the EMI using an EMI calculator, the borrower needs to enter the loan amount, the interest rate charged by the lender, and the repayment tenure. Once these details are entered, the calculator will provide an estimate of the monthly EMI that the borrower will have to pay towards their loan repayment.

EMI calculators  can be used for different types of loans such as personal loans, home loans, car loans, and more. Using an EMI calculator can help borrowers plan their finances better and choose a loan repayment plan that fits your budget and repayment capacity.