EMI calculator
EMI is an Equated monthly instalment payment made by the borrower every month towards the product or services bought.
EMI calculator is used to calculating monthly loan EMI payouts.
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What is a Loan EMI Calculator?
EMI is the payment which the borrower makes every month towards loan repayment of the loan. EMI constitutes the principal amount along with the accrued interest. You can use the EMI calculator to calculate your monthly loan EMI payouts. The borrower just needs to enter the variables of the loan such as the principal amount, tenure and interest rate and it instantly fetches an result which is the EMI. Calculating EMI using the online EMI calculator is easy and you get to know your loan EMI in seconds.