Total Interest Amount:
Total Principal:
Total Payment (Principal+Interest):
EMI (Monthly Payment):
📘 How to Use the EMI Calculator
Step 1: Enter Principal Amount
Input the total loan amount you plan to borrow.
Example: ₹50,000
Step 2: Enter Interest Rate
Add the annual interest rate charged by the lender.
Example: 12%
Step 3: Enter Loan Tenure
Fill in the loan duration and select whether it's in months or years
using the toggle.
Example: 5 Months or 1 Year
Step 4: Add Free Charge (Optional)
This is any additional upfront fee or cost that may apply to your
loan.
Example: ₹500
Step 5: Click “Calculate”
Press the “Calculate” button to view your EMI details.
📊 What Results You’ll See
- Total Interest Amount: Total amount paid over the loan tenure as interest.
- Total Principal: The original loan amount.
- Total Payment: Sum of principal and total interest.
- EMI: Your fixed monthly installment.
Note: This EMI calculation gives an approximate value. Actual values may vary based on bank charges or EMI structure.
Purpose Loan Calculator
