This calculator is a general self-help planning tool, not an expert consultation replacement. Results depend on multiple factors, including the inputs provided. We cannot guarantee their accuracy or applicability to your financial situation.

Understanding loan repayments can be challenging. Arihant’s EMI Calculator is your go-to tool for understanding loan repayments. It is designed to break down your loan into manageable insights, from monthly EMIs to total costs. Whether you’re looking for a home loan EMI calculator or a personal loan EMI calculator, our tool simplifies the process for every type of borrower.

An EMI Calculator is a tool that calculates the Equated Monthly Installments (EMIs) you need to pay for any kind of loan such as home loan, personal loan, car loan, education loan, etc. You just enter some basic info—like the loan amount, interest rate, processing fee and how long you’ll be repaying the loan. Then the calculator shows you what your EMI will be, along with the total cost of your purchase factoring in all the costs (including interest and processing fees). The calculator also computes and shows the amortization schedule in a table.
It’s a simple way to plan your budget, understand your financial commitment and figure out if taking a loan makes sense.

With just a few inputs like loan amount, interest rate, and tenure you can quickly find your EMIs instantly. Our loan calculator is user-friendly and delivers accurate results to help you plan your budget and make informed choices. Here’s how it works:
 

1. Input Key Details:

• Loan Amount
• Loan Tenure (in months/years)
• Rate of Interest (%)
• Processing Fee (%)

2. Output:

    Once you enter the details, the calculator will instantly show you the        monthly EMI, total interest payable and the full repayment amount. This helps you see what you're signing up for and plan your finances accordingly.

• Monthly EMI in ₹
• Total Loan Amount (Principal + Interest + Processing Fee)
• Amortisation schedule

3. Analyse Your Loan:

• Detailed repayment chart showing opening and closing balances.
• Breakdowns of principal, interest, and total loan repaid to date.

Whether you’re using the calculator as a loan eligibility calculator or for specific loans, Arihant EMI Calculator ensures accuracy. Say goodbye to guesswork and start using our loan calculator today!
 

The EMI calculator uses the following formula to compute the EMI:

E = [P x R x (1+R) ^N] / [(1+R) ^ (N-1)]

Where,
           E = EMI
           P = Principal amount
           R = Rate of interest. This is calculated on a monthly basis. If the         interest rate is 4% per annum then R will be 4/12/100 = 0.0033.
           N = Duration in months

1. Fast Real-Time Calculations:
   Updates EMIs and loan details instantly based on your inputs. 
    
2. Comprehensive Insights:
   Includes a breakdown of principal, interest, and processing fees for clarity.
    
3. Interactive Visualization:
   Pie charts and repayment schedules make loan management simple
    
4. Loan Eligibility Insights:
   Acts as a loan eligibility calculator, helping you plan effectively.
    
5. Multiple Loan Types Supported:
   Use it as a home loan EMI calculator, personal loan EMI calculator, car loan EMI calculator, or gold loan calculator.
    
6. User-Friendly Interface:
   Designed for ease of use by first-time and seasoned borrowers alike.

• Loan Amount: A higher loan amount means a higher EMI. Make sure to borrow only what you can comfortably repay.
   
• Interest Rate: Lower interest rates reduce EMIs, making the loan more affordable and a higher rate will make it expensive. Compare rates from different lenders to snag the best deal.
   
• Loan Tenure: A longer tenure lowers the EMI but increases total interest payable. A shorter tenure does the opposite. Choose a tenure that fits your monthly budget and minimizes total interest costs.