EMI stands for Equated Monthly Installment. It is the fixed monthly payment made by a borrower to repay a loan, which includes both the principal and the interest.
Yes, the EMI calculator on our website is standard calculator can be used for personal loans, business loans, MSME loans, and other financing solutions we offer. Simply adjust the loan amount, interest rate, and tenure as needed to estimate your EMI.
The EMI calculator gives a close estimate of your monthly payments and total interest. However, the final EMI amount may vary based on your loan agreement, repayment method, and any processing fees or prepayment charges applicable. Always confirm with our loan advisor before finalizing.
A higher interest rate increases your monthly EMI and total repayment, while a lower interest rate reduces them. Using our EMI calculator, you can adjust the interest rate slider to see how even a 1% difference impacts your repayment.
Yes. If you prepay a part of your loan or foreclose it entirely, your EMI or loan tenure may change depending on your repayment terms. Our EMI calculator doesn’t reflect prepayment impact, but you can speak to our support team for customized calculations.
