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EMI Calculator

With a Loan EMI calculator, you can easily calculate your monthly EMI online and plan your loan effectively.

Use the KreditSathi online Loan calculator below to enter the amount you need to borrow, the interest rate and the tenure to instantly calculate your EMI and even the breakdown of your installments.

Imagine knowing your EMI amount even before availing a loan! This is possible thanks to KreditSathi's instant Loan EMI calculator. Find out how much EMI you will have to pay within seconds by using our easy loan EMI calculator.

Loan EMI Related FAQs

Q. What is EMI?

Ans: This is a complete table of periodic loan payments to be made during the repayment tenure. Amortization schedule shows the principal amount as well as rate of interest that is a part of the EMI paid during the tenor, until the loan is fully repaid.

Q. What Is Amortization Schedule?

Ans: This is a complete table of periodic loan payments to be made during the repayment tenure. Amortization schedule shows the principal amount as well as rate of interest that is a part of the EMI paid during the tenor, until the loan is fully repaid.

Q. How To Reduce Loan EMI?

Ans: One can reduce their loan EMI by either borrowing a lower amount or through longer repayment tenure. While increasing the repayment tenure can reduce the amount to be paid, it will increase the interest amount that is paid over time. However, if the applicant has a high credit score, then he/she can negotiate for a lower rate of interest which can again reduce the amount to be paid as EMI.

Q. What Happens If The Loan EMI Is Not Paid?

Ans: Not paying the EMI for a loan can attract heavy penalty in the form of additional interest on the unpaid amount as well as late payment fees. This will also be mentioned in the credit report of the borrower which will have a detrimental effect on his/her credit score making it difficult for the borrower to avail loans at a later time.

Q. How To Change The Amount Paid Towards Loan EMI?

Ans: Customers must note that there are generally two ways to change/reduce the amount paid towards EMI. Either pre-payment must be made on the loan which will reduce the amount to be repaid or the borrower must negotiate with the lender for an extension of the repayment tenure or to reduce the interest imposed.

Q. How Is Loan EMI Calculated?

Ans: The formula for calculating loan EMI is as follows:
E = [P x R x (1+R)^N] /[(1+R)^N-1]
Where P stands for the principal amount that is borrowed
R represents the rate of interest imposed
N is the tenure in number of months



Disclaimer :
We provide the user with an EMI calculator which is along the application process itself. It is a tool that calculates your monthly loan installment and provides the user with the idea of the amount he will have to pay after loan disbursement. The calculation is made on the basis of inputs given by the user like Loan Amount, & Loan Tenure. This Calculator also calculates the Interest Amount by using Rates of Interest which are standard to the company. The EMI amount serves as monthly Repayment of the Loan Amount and will be carried on up till tenure selected.

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KreditSathi, No.4, V.O.C, 2nd Cross Street, Kodambakkam, Chennai, Tamil Nadu - 600024

Mail: helpdesk@kreditsathi.com

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Contact Us

KreditSathi, No.4, V.O.C, 2nd Cross Street, Kodambakkam, Chennai, Tamil Nadu - 600024

Mail: helpdesk@kreditsathi.com
Phone: +91

aatmaNirbhar Digital India

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