| EMI Calculations | |
|---|---|
| Monthly EMI | ₹0.00 |
| Total Payment (EMI) | ₹0.00 |
| Total Interest | ₹0.00 |
EMI stands for Equated Monthly Iinstallment. A fixed payment amount made by a borrower to a lender at a specified date each calendar month. Equated monthly installments are used to pay off both interest and principal each month, so that over a specified number of years, the loan is fully paid off along with interest.