EMI Calculator
Calculate your dynamic EMI based on frequency
Input fields:
Results:
Monthly Payment
£156.10
EMI Payment Schedule
| Payment No | Payment Date | Interest Rate | Interest Due | Payment Due | Principal Paid | Balance |
|---|---|---|---|---|---|---|
| 1 | 01-01-2024 | 12.75% | 106.25 | 156.10 | 49.85 | 9,950.15 |
| 2 | 01-02-2024 | 12.75% | 105.72 | 156.10 | 50.38 | 9,899.77 |
| 3 | 01-03-2024 | 12.75% | 105.19 | 156.10 | 50.92 | 9,848.85 |
| 4 | 01-04-2024 | 12.75% | 104.64 | 156.10 | 51.46 | 9,797.39 |
| 5 | 01-05-2024 | 12.75% | 104.10 | 156.10 | 52.01 | 9,745.39 |
| 6 | 01-06-2024 | 12.75% | 103.54 | 156.10 | 52.56 | 9,692.83 |
| 7 | 01-07-2024 | 12.75% | 102.99 | 156.10 | 53.12 | 9,639.71 |
| 8 | 01-08-2024 | 12.75% | 102.42 | 156.10 | 53.68 | 9,586.03 |
| 9 | 01-09-2024 | 12.75% | 101.85 | 156.10 | 54.25 | 9,531.78 |
| 10 | 01-10-2024 | 12.75% | 101.28 | 156.10 | 54.83 | 9,476.95 |
Get a clear view of your monthly EMI payments. Start managing your finances with ease!
About EMI Calcualtor
Planning a loan repayment? Our EMI (Equated Monthly Installment) calculator helps you estimate your monthly payments with ease. Simply enter the loan amount, interest rate, and tenure, and get a detailed breakdown of your EMI, total interest payable, and overall loan cost.
How to Use the EMI Calculator:
- Enter your Loan Amount.
- Specify the Interest Rate your bank or lender is offering.
- Select the Tenure of the loan in months or years.
Once you input these values, our EMI calculator will instantly compute your monthly installment, giving you a clear picture of your financial commitment.
What is EMI?
EMI refers to the fixed monthly payment you make toward repaying your loan. Each EMI consists of both principal and interest components, which can vary depending on the loan structure. Our calculator helps you understand how much of your monthly payment goes toward interest versus paying down the principal.
Benefits of Using the EMI Calculator:
- Financial Planning: Understand how much you need to allocate for loan repayment each month.
- Compare Loan Options: Experiment with different loan amounts, interest rates, or tenure to find the most affordable option for you.
Frequently Asked Questions (FAQ):
- What is an EMI? EMI stands for Equated Monthly Installment, which is the fixed payment you make each month toward loan repayment.
- Can I use this calculator for home or car loans? Yes! Our EMI calculator works for all types of loans, whether you're financing a home, car, or personal expenses.
By using this tool, you can plan your loans smartly and stay financially secure throughout your repayment journey.