EMI Calculator

What is EMI?

EMI, or Equated Monthly Installment, is a financial term used to describe a fixed monthly payment that a borrower makes to a lender. This payment is made towards the repayment of a loan over a specified tenure. Each EMI consists of both principal and interest components, ensuring that by the end of the loan term, the entire loan amount along with interest is fully paid off.

Advantages of EMI

Budgeting: EMIs allow you to plan your finances better as you know exactly how much you need to pay every month.
Affordability: By breaking down a large loan amount into smaller, manageable monthly payments, EMIs make it easier to purchase high-value items or invest in significant expenses like a home or education.
Predictability: With fixed EMIs, you can have a predictable repayment schedule, which helps in maintaining a stable financial situation.

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EMI Calculator

What is EMI?

Advantages of EMI

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