Advance EMI Calculator Home Loan, Personal Loan, Education Loan, Car Loan, Gold Loan etc.

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EMI Calculator / Monthly Installment Calculator

What is Loan Amount/Principal Amount ?

A maximum loan amount describes the total amount that a borrower is authorized to borrow. Maximum loan amounts are used in standard loans, credit cards and line of credit accounts.

What is Interest Rate ?

An interest rate is the cost of borrowing money, or conversely, the income earned from lending money. Interest rates are expressed as percentage of the principal per period.

What is Loan Tenure/Term ?

Period from the date of disbursement of loan to the date of the last EMI payment or the date of closure of loan.

What is Interest Type ?

  • Fixed interest rates : A flat interest rate means that the amount of interest paid is fixed and does not reduce as time moves on.
  • Reducing interest rates : The reducing interest rate on the other hand means that as a payment is made on the principal amount of a loan, the interest payment reduces as well.

What is EMI Type ?

EMI Type specifies that you would pay the EMI at the beginning of the month or in arrears.

What is GST On Interest ?

What is Processing Fees ?

Processing fee is a fee charged to a potential borrower for processing an application for a loan.

Types of Loans

  • Home Loan
  • Personal Loan
  • Car Loan
  • Gold Loan
  • Credit Card Loans
  • Education Loans
  • Loan Against the Insurance Schemes
  • Loan Against Fixed Deposits

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