What is EMI?
An Equated Monthly Installment (EMI) is a fixed payment amount made by a borrower to a lender at a specified date each calendar month. Equated monthly installments are applied to both interest and principal each month so that over a specified number of years, the loan is paid off in full.
What is EMI Calculator?
An EMI calculator is a useful tool that assists you in finding out how much you have to pay to repay your loan each month. You can check how much you have to pay back each month for these loans.
Loan Tenure
Change in Tenure directly affects EMI. Decrease in Tenure increases EMI and vice versa
Rate of Interest
Rate of Interest is the major factor that affects to determine EMI. Lower the ROI, Lower the interest payment and Lower EMI
Amount of Loan
Amount of Loan is another element for determining EMI. EMI will be decided on the basis of amount of loan.
Types of EMI Calculators
Car Loan EMI Calculator
Personal Loan EMI Calculator
Home Loan Calculator
Unlimited Sales Invoice
Unlimited Quotation
Unlimited Purchase Order
Basic Reports
