Loan EMI Calculator

Loan Calculator

Loan EMI Calculator

Loan EMI Online Calculator is a free or paid tool. it is available on different financial sites and apps. it helps borrowers to calculate their monthly repayment amount of a loan, including the principal amount, interest rate, and loan term.

Features and Benefits

FeaturesDescription
The major benefit is Helps in planning financesIt helps you a lot in you plan your finances better. you can adjust the loan amount, interest rate, and loan tenure to see how it affects the monthly EMI Payment amount.
Interest RateThe calculator allows you to input the interest rate offered by the lender for the loan.
Loan TenureThe calculator allows you to input the loan tenure, which is the duration for which you want to take the loan.
EMI CalculationThe calculator computes the Equated Monthly Installment (EMI) amount that you will have to pay each month for the loan.
Amortization ScheduleThe calculator generates an amortization schedule, which is a table that shows the break-up of each EMI into its principal and interest components and the outstanding balance on the loan at the end of each month.
Easy-to-use interfaceThe Pricemint Loan EMI Calculator online has a user-friendly interface that is easy to navigate and use.
Compare loan offersyou can use our pricemint compare loan tool to Compare Personal Loans. it helps you to compare loan offers from different banks and financial institutions in India.
Time-SavingIt works all benefits in one place, it saves your time by providing you with an estimate of your monthly repayment amount, total interest payable, and the total amount payable over the loan tenure.
Quick and Opportuneit gets an estimate of your monthly loan repayment amount in seconds, without having to do any manual calculations.

How to Use

  1. Open your web browser and go to the Pricemint website.
  2. Navigate to the Loan EMI Calculator page.
  3. Enter the loan amount you want to borrow in the loan amount field.
  4. Enter the interest rate offered by the lender in the interest rate field.
  5. Enter the loan tenure in years in the loan tenure field.
  6. Click on the “Calculate” button.
  7. The EMI amount, total interest payable, and total amount payable over the loan tenure will be displayed on the screen.
  8. You can adjust the loan amount, interest rate, and loan tenure as per your needs
  9. click on the “Calculate” button again to see the updated results.
  10. You can also view the amortization schedule, which shows the break-up of each EMI into its principal and interest components and the outstanding balance on the loan at the end of each month.

How To Apply for a Loan

Step to followdetail
Check your credit scoreYour credit score is an important factor that lenders consider when evaluating your loan application.
Research lendersCompare their interest rates, loan terms, and eligibility criteria to find the one that best meets your needs.
Documentation RequiredThis may include proof of income, tax returns, bank statements, and identification documents.
Fill out the loan applicationFill out the loan application with details such as Personal, Income, And More
Receive the loan fundsif your loan is approved, the lender will disburse the funds to your bank account
Pricemint
Logo