Estimate your monthly payments for personal, home, or auto loans.
Planning a loan? Use our easy-to-use EMI calculator to estimate your monthly payments for personal, home, or auto loans.
Our tool provides accurate EMI details and an amortization schedule, helping you make informed financial decisions. Start exploring your options today!
EMI stands for Equated Monthly Installment, which is the fixed amount you pay every month for your loan.
EMI is calculated using the formula: EMI = [P x R x (1+R)^N] / [(1+R)^N - 1], where P is the principal amount, R is the monthly interest rate, and N is the loan tenure in months.
Yes, most lenders allow loan prepayment, but check with your lender for specific terms and conditions.