EMI Attributes

  • Principal Amount: The initial loan amount you borrow from the lender.
  • Rate of Interest: The % charged by the lender on the principal amount as interest.
  • Tenure: The duration or period in which you agree to repay the loan. It is in months.
  • Loan EMI: The fixed monthly instalment you need to pay, comprising both principal and interest components.
  • Total Interest Payable: The overall interest amount you will pay over the loan tenure.
Document

EMI Calculator

Principal Amount
Rate Of Interest
Tenure (In Months)

Loan EMI

123

Total Interest Payable

1234

Total Amount (Principal + Interest)

12345

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