SimpleCalculators

EMI Calculator

Calculate your monthly loan EMI instantly.

Monthly EMI

8,997

Frequently Asked Questions

What is EMI?

EMI is the monthly payment made by a borrower to repay a loan.

Can EMI be reduced?

Yes. EMI can be reduced by increasing tenure, lowering interest rate, or making part prepayments.

Is prepayment beneficial?

Prepayment helps reduce interest burden and shortens loan tenure in most cases.