An EMI Calculator helps you calculate the Equated Monthly Installment (EMI) for a loan based on the loan amount, interest rate, and tenure. It provides insights into your monthly payments, total interest payable, and overall repayment amount.

Enter the loan amount, interest rate, and loan tenure into the calculator. The tool will instantly compute and display your monthly EMI, total interest payable, and total repayment amount.

An amortization schedule is a detailed table that shows the breakdown of each loan payment over time. It includes the payment date, opening balance, EMI amount, interest amount, principal amount, and closing balance.

Yes, you can toggle between calendar year and financial year formats to view the amortization schedule according to your preference.

The total repayment amount includes both the principal loan amount and the interest charged by the bank over the loan tenure. This total reflects the full cost of borrowing.

Yes, the EMI amount remains fixed if you have a fixed interest rate loan. However, for loans with variable interest rates, the EMI amount may change according to fluctuations in the interest rate.

Yes, the EMI Calculator can be used for various types of loans, including home loans, personal loans, car loans, and more.

The EMI Calculator provides accurate estimates based on the inputs you provide. However, actual loan terms may vary slightly depending on the lender's policies and conditions.

Making a part payment can reduce the principal amount, leading to lower interest charges and potentially a shorter loan tenure. Our Part Payment Planner can help you see the effect of part payments on your loan.