EMI Calculator

You need to follow these simple steps to determine interest payable and your monthly obligations using the EMI calculator online:

• Visit the EMI calculator page

• Use the sliders to choose your loan amount, repayment tenure, and the rate of interest

• The online EMI calculator will compute your interest and monthly instalments within a few seconds

Here are some of the advantages of using an EMI calculator online:

• You can use this tool for free

• It allows you to determine if the amount falls within your repayment capacity

• It lets you choose the right loan amount and repayment tenure as per your repayment ability

• You can plan your finances efficiently

• It eliminates the hassles of complex manual calculations

• It provide accurate values and removes the possibility of miscalculation

There are certain factors that impact the amount you need to pay to clear the debt. It is crucial to know about them to significantly cut down borrowing costs and save more. The factors that impact the due amount you need to repay include the following:

• Principal Amount: A higher principal amount translates to higher EMIs

• Rate of Interest: A higher interest rate directly impacts the amount you have to pay as EMI

• Credit Score: Lenders prefer to provide loans at lower rates to borrowers with higher credit scores, impacting the due amount

• Repayment Tenure: While the longer duration of loan repayments lowers the amount of EMIs, it adds up interest costs

• Prepayment Charges: When you repay your loan before the stipulated timeline, you will have to pay additional charges that vary across lenders

With a monthly EMI calculator, you can get an estimated cost of borrowing and the amount you need to pay as EMIs.

Reference of all T&C necessarily refers to the terms of the Partners as regards to pre-approved offers and loan processing time amongst other conditions.