EMI calculator is a valuable tool that provides you with quick and accurate calculations of your monthly loan instalments. It helps you plan your finances, understand your repayment schedule, and make informed decisions about your loan.

One of the advantages of using an EMI calculator is that it saves you time and effort in manual calculations. It provides you with accurate results in just a few seconds, helping you make informed decisions about your loan repayment capacity. You can also experiment with different loan amounts, interest rates, and tenures to find the most suitable EMI that fits your budget.

The EMI calculator also displays a detailed amortization schedule that shows you the breakdown of each monthly payment towards the principal and interest components. This allows you to understand how much of your EMI goes towards paying off the principal amount and how much towards the interest. It helps you plan your finances and budget accordingly.