Our Mortgage Calculator will help you determine your EMI (Equated Monthly Installment) for your Mortgage Loan, Personal Loan, Auto Loan, Home Loan, Student Loan or any other type of Loan.

In just two easy steps you will be able to determine your monthly EMI payment for the loan you have taken from any bank or financial institution.

You have to enter your Loan Amount, Loan terms or Loan Tenure, Mortgage Loan Interest Rate or Interest rate applicable on your personal loan, home loan or any other loan.

You will be getting your Monthly Installment / Payment or EMI (Equated Monthly Instalment) that you will be paying monthly along with the total interest and principal component. Plus a detail periodic amortization schedule or amortization chart for your mortgage loan or other loans where you will be able to identify your repayment schedule.

The amortization schedule is a perfect chart to identify what part of interest and principal is paid off and what part is remaining at any point of time in your loan tenure.

The calculator can be easily used to calculate the EMI or Equated Monthly instalment for the below loans:

1. Personal Loan EMI Calculator - To calculate personal loan EMI
2. Home Loan EMI Calculator - To calculate home loan EMI
3. Mortgage Loan EMI Calculator - To calculate mortgage loan EMI
4. Student Loan EMI Calculator - To calculate study loan EMI
5. Auto Loan and any other loan - To calculate any loan EMI

Why use our Mortgage Calculator?

1. To get a clear picture of your loan EMI that you have to pay monthly
2. To understand what part of your monthly instalment is contributing toward your principal amount and what part is contributing toward the interest of your loan.

The terminology used in our Mortgage Calculator:
1. Loan Amount
2. Rate of Interest
3. Loan Tenure
4. EMI
5, Amortisation Chart
6. Opening Principal
7. Closing Principal

Some other useful free financial calculators in our app are:
1. Loan Eligibility Calculator - To check your loan eligibility
2. Rent vs Buy Home - to check if buying a home is beneficial or renting out
3. Loan Comparison Calculator - To compare two loans for a better deal
4. Balance Transfer Calculator - To do a balance transfer of your loan to other banks

Let us know how do you like our financial calculators and help us with your suggestions and feedback for the betterment of the app.