Enter the amount of EMI that you can pay every month, the interest rate charged by your bank and the preferred tenure, the loan amount calculator will tell you how much you can afford to borrow. Read more about factors that influence the amount you can borrow.
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EMI in advance OR EMI in arrears (for car loan only) Use the slider to adjust the values in the EMI calculator form. If you need to enter more precise values, you can type the values directly in the relevant boxes provided above.
A loan EMI calculator is easy to use and available online for free. With the help of the calculator, a person can easily know the installments he/she will have to pay and then plan the monthly expenses accordingly. A car loan interest or EMI calculator takes into account the loan amount, tenure, and interest rate.
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Apart from the excel calculation, there are many online sites that help you calculate loan EMI by merely entering the amount of the loan product. For example: Click on this link , the following window will appear on the screen, wherein you need to enter the loan amount, tenure and the rate of interest.