🏦 Introduction

The Loan EMI Calculator is a simple online tool designed to help you calculate your monthly loan repayment amount (EMI). Whether you're taking a personal loan, home loan, or car loan, this tool allows you to estimate your fixed monthly payment based on the loan amount, interest rate, and loan tenure.

It helps you make informed financial decisions by showing you exactly what your repayment schedule would look like over the loan period.

⭐ Key Features

1. Quick EMI Calculation: Instantly calculates monthly EMI based on user inputs.
2. Accurate Results: Uses standard EMI formula to ensure correctness.
3. Interest Breakdown: Helps you understand how much you pay in interest over time.
4. Simple Interface: Easy to use for all types of users.
5. Device Friendly: Fully responsive layout for mobile, tablet, and desktop.

📘 How to Use

1. Step 1: Enter the total loan amount you wish to borrow.
2. Step 2: Provide the annual interest rate (in %).
3. Step 3: Select the loan duration in months or years.
4. Step 4: Click on the “Calculate EMI” button to see your monthly payment.

Once calculated, the tool will display the monthly EMI, total interest payable, and the total repayment amount. This gives you a full picture of your financial commitment before you take the loan.