EMI Calculator
Welcome to our EMI calculator!
If you have a desired loan amount, your desired interest rate, and your ideal loan tenure, this calculator can give you the equated monthly installment (EMI) that you will have to pay. What you get here is a benchmark to measure various lenders against. Compare the EMI amount you arrive at using this calculator with the EMIs offered by the various lenders. It will help you to understand exactly what the interest rate offered by each lender is, and thus negotiate for a better deal.
And to increase the cool quotient, our slider-happy calculator will allow you to see how your EMI is apportioned into principal and interest. Go on, slide around!The EMI you arrive at will give you a well-rounded view of your financial commitment going forward. For instance, you could judge whether, with your salary, do you/can you/should you have this financial commitment for the tenure of the loan? You could then plan your finances better.
Happy calculating!Note: All calculators and comparators are made based on certain assumptions which may not be true in your case. You should consult your personal financial advisor before taking any decision. Dar Credit disclaims any responsibility for any decision taken based on these calculators and comparators.