Be it buying a car, buying a home or affording kids overseas education, loans play a vital role in our life.
However, when we talk about loans, the most important word associated with it is EMI. EMI, which stands for equated monthly installment, is the monthly amount payments we make towards a loan we opted for.
With this calculator you can calculate the expected EMI for any loan and compare the conditions offered by two different banks/firms in a very simple way and save a TON of money in the process!!
Loan Term ( in Months )
Down Payments ( If applicable )
Annual Interest Rate offered by Company 'A' (in %)
Annual Interest Rate offered Company 'B' (in %) (₹) You can get easy loans at FundsTiger for only around 12-18% per annum !!
|Factors Impacting your Choice||Company 'A'||Company 'B'|
|Total Interest Paid||0||0|
|Total Amount Paid||0||0|
If you choose Company 'B' over 'A', you can save:
|In EMI's ( Per Month )||0|
|In Total Interest Paid||0|
A few useful EMI related blogs for you:
- Missed your EMI this month? What you can do in such a situation?Opens in a new tab
- What would happen if I am unable to pay my EMI this month?Opens in a new tab
- 5 useful tips to manage your home-loan EMI'sOpens in a new tab
- EMI Moratorium during COVID 19Opens in a new tab