Apr 22, 2018 0 Comments

Calculate the Equated Monthly Installment (EMI) for your car loan. Fill up the loan amount, annual interest rate, loan tenure and hit the Calculate button.

- Loan EMI:

The EMI amount you will pay each month`..`

- Total Interest Payable:

The total interest you will pay over the loan tenure`..`

- Total Payment(Principal + Interest):

The total amount you will pay over the tenure of the loan including the principal and the interest`..`

Background Information

EMI or Equated Monthly Installment is a fixed amount payable by a borrower or lender every month to the bank or any other financial institution until the mortgage or loan amount is fully paid off. Generally, they are paid on a specified date each calendar month. It consists of the interest on mortgage as well as part of the principal amount to be repaid so that over a specified number of years, the loan is paid off in full.

- Apr 22, 2018
- Tool Launched

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