EMI or Equated Monthly Instalment is the amount that is payable per month, if you avail of a Personal Loan for a certain period. The EMI amount will be used to pay off both the Principal Loan Amount and the Personal Loan Interest over the loan tenure, until the loan is paid in full. The EMI will remain the same throughout the ;· You can calculate EMI for home loan, car loan, personal loan, education loan or any other fully amortizing loan using this calculator. Enter the following information in the EMI Calculator: Principal loan amount you wish to avail (rupees) Loan term (months or years) Rate of interest (percentage) EMI in advance OR EMI in arrears (for car loan only)EMI, or Equated Monthly Instalment, is the fixed amount paid by a borrower every month to clear off the loan taken from a lender. It is scheduled at a specific date of every calendar month and includes both principal and interest components. Your personal loan EMI depends on the loan principal, the rate of interest and the loan calculate your EMI, just enter the loan amount, rate of interest and loan tenure, and your EMI is instantly displayed. You can enter loan amounts from 50,000 to 4,000,000 and term from 1 to 5 years. If you wish to change the EMI adjust any of the three sliders on the personal loan EMI is calculated using the formula: P x R x (1+R)^N] [ (1+R)^N-1] P= Principal or your loan amount. R= Rate of interest. N= Tenure (loan term in number of years) Your EMI includes two main components – principal and your EMI using personal loan EMI CalculatorPersonal Loan EMI Calculator Calculate Loan EMI Online - Axis BankPersonal Loan EMI Calculator - Calculate EMI Online | Bajaj FinservPersonal Loan EMI Calculator - Calculate EMI Online | Bajaj FinservUse Axis Bank’s Personal Loan EMI calculator to plan the tenure and repayment structure for your loan. What is an EMI? The Equated Monthly Instalment (or EMI) consists of the principal portion of the loan amount and the interest. Therefore, EMI = principal amount + interest paid on the personal is known as Equated Monthly Installments. It is the fixed amount of money that borrowers pay every month, on a fixed date to the lender to repay the personal loan taken. Components of Personal Loan EMI Repayment towards the Principal amount

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