It helps you estimate your monthly loan payments based on the loan amount, interest rate, and tenure. It also provides a detailed breakdown of total payment, interest, and principal.
2. How do I use the EMI Calculator?
Enter the loan amount (₹), annual interest rate (%), and loan duration (in years), then click the 'Calculate EMI' button to view your monthly EMI and other details.
3. What is EMI?
EMI stands for Equated Monthly Installment. It is the fixed monthly payment you make to repay your loan over the selected tenure.
4. What results will I get after calculation?
You’ll see your Monthly EMI, Total Payment over the loan period, Total Interest paid, a Principal vs Interest breakdown chart, and a year-wise EMI breakdown table.
5. Can I change the loan parameters to compare scenarios?
Yes. You can adjust the loan amount, interest rate, or duration to instantly see how your EMI and total payments change.
6. Is the EMI calculation accurate?
Yes. The calculator uses standard financial formulas to compute EMI and breakdowns. However, actual loan terms may vary slightly depending on your lender.
7. Does the calculator support prepayment or part-payment options?
This version focuses on standard EMI calculations. For prepayment scenarios, you may need a more advanced calculator or consult your lender.
8. Is my input data stored or shared?
No. Your inputs are processed locally and are not stored or transmitted, ensuring your privacy.
9. Is the EMI calculator mobile-friendly?
Absolutely. The tool is responsive and works seamlessly across desktops, tablets, and smartphones.
