EMI Calculator

EMI calculator

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 used to pay off both interest and principal each month so that over a specified number of years, the loan is paid off in full. EMI calculator helps the individual in calculating their monthly EMI’s easily by just providing the basic information i.e.Loan amount,Time Period for which the loan has been taken and the rate of interest.