EMI calculator is a tool that can calculate your monthly EMIs. With it you can quickly figure out your monthly instalments and plan your budget accordingly. Calculating your EMIs manually is cumbersome and complicated, while an EMI calculator can determine your EMIs within a few seconds.
While applying for a loan, you can use this EMI calculator to keep in mind the monthly payment you can afford to make as it gives a clear breakdown of your repayment schedule.
In the case of loans with floating interest rates, EMIs will vary. Fincover’s online EMI Calculator will help you calculate your EMIs for Personal Loan, Car Loan, and Home Loan with different tenures so that you can choose the most appropriate loan.