SimplyCash
How does a personal loan EMI calculator work?
Last Updated: Dec 30, 2021, 06:41 AM IST3 min read
An EMI is an estimated monthly instalment that has to be paid every month to clear the loan in a specific tenure. EMI calculator is categorised into the loan amount, interest rate, and tenure. Borrowers can enter the desired loan amount and set the repayment tenure based on their repayment capacity.