EMI Calculator

An EMI (Equated Monthly Installment) calculator is a device that helps calculate the constant monthly amount payable to settle a loan, except for changes due to rates of interest or credit agreement. You put in the loan amount, interest rate and tenure it calculate EMI and total interest payable during the life of a loan. This handy tool for borrowers enables them to organize their budgets, compare loan options and keep a tab on repayments.