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Defining EMI and its calculation

EMI- Equated Monthly Installments

EMI is the short form of Equated Monthly Installments which is given on loans. EMI is the amount which you need to pay every month against the payment of any home loan, auto loan, personal loans, etc. EMI for some loan depends on the things which include the amount of the loan, the ROI and duration of the loans. EMI might come down in case you rise the period of the loan and it would also increase in case you reduce the period of the loan. An EMI consists of the component of interest as well as the component of principal that is the amount of loan. Different kinds of Retail loans are provided by the major banks and other financial institutions in the country. Some of these banks are PNB, ICICI, HDFC, BOI, etc. You can check their websites for more information on loans. Below is a calculator which would help you to calculate your EMIs. Thus, in case you are about to take a loan, you can calculate the EMIs you will have to pay.

We have provided this information to intraday traders who should take our stock tips services, so that if they have taken loans or are planning to take loans, they can calculate the same and plan accordingly. Higher the EMI, the loan is paid early. If you do sucessfull intraday trading and earn money, you can pay higher emi and pay off your loan asap. We are the Best Advisory Company in India that will certainly help you to make money in share market

Part Payment of Loans

A Home Loan is biggest debt that a person takes on during a lifetime when he buy a Home. Some Home Loans are Taken for 15 years and 20 years. The total interest you pay to the lending Bank is Huge compare to the loan you take. If suppose you have taken a Home loan of 20,00,000 with a Interest of 11.25 for a period of 20 years. Your Emi will be Rs 20,985 for month. The Total Cost of the Loan or the Amount you will endup paying to the Bank is Rs 50,36,400/-. This Clearly indicates that we will be paying Rs 30 Lakh more for the loan we have taken from the Bank. To Save on this Huge Interest Sai Stock Advised you to Pay a part Payment of you Home Loan from the Savings or Extra Income that you Generate on Quarterly or yearly Basis. As per Terms and Conditions of the Lending Bank, Some Bank Allow to pay pre-payment 4 times in a year. Recently RBI has barred all the bank for collected penalty for paying the pre-payment of the Loans. A Small payment of 10,000 in a year could save your 3-4 Lakhs Rupees of Interest at the end. If you have the money, you should go ahead and prepay or part prepay the loan. This will also bring down your Tenure of the Home loan by 2-3 years from the 20 years.

Features of EMI

  • Higher the EMI you pay, you can pay off the loan quickly.
  • You can Save on your Interest Payment if you pay higher EMI.
  • You can also pay Part-payment, if you have save more or got some additional income. The Part Payment can be any amount but more than your Montly EMI.
  • You can also keep your EMI small, so that you can Save More and Pay the Part Payment to pay off your Loan asap

EMI Calculator for Loans

Please input Loan Amount (Rs), No Of Years, Interest Rate(p.a.), Select Reducing Balance Method, Annually, Monthly or Daily if you don't know Select Annually and Click Compute Button Below. Our Emi Calculator also shows you the Amount you will end up paying to the Bank with the Interest at the End.

EMI Calculator to Calculate Your Loans

   Loan Amount (Rs)
   No Of Years
  Interest Rate(p.a.)
   Reducing Balance
Emi Value(Rs.)
Payable Amount(Rs.)
(Total Amount that you will pay back for loan you have taken )

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