What’s a Repayment Calculator Tool?

Loan EMI Calculator

Calculate your monthly payments and visualize your loan breakdown

Loan Amount (₹)

₹

Interest Rate (% p.a.)

%

Loan Tenure (years)

Yrs

Monthly EMI

₹0

Total Interest

₹0

Total Payment

₹0

Payment Schedule

Month	Payment	Principal	Interest	Balance

 

💰 

What’s a Repayment Calculator Tool?  Let’s 

Break It Down:

 Ever taken a loan or thought about taking one?  Any type of credit, including personal loans, home loans, auto loans, and credit cards, typically requires monthly installment payments, correct? That’s where the Repayment Calculator Tool comes in.

 Based on the loan amount, interest rate, and term, it helps you determine how much you will have to pay each month and for how long. 🧮 How Does It Work?

 Simply enter: The loan amount (how much you’re borrowing)

 The interest rate (the percentage charged by the bank or lender)

 The loan term (how many months or years you’ll take to repay it)

 And the tool will demonstrate: Your recurring payment (EMI) The sum of all your future interest payments The total amount you’ll repay (loan + interest)

 📊 Example:

 Say you borrow ₹2,00,000 for 2 years at 10% annual interest.  The tool might show you:

 Monthly EMI: 9,222 yen Total interest: ₹12,800

 The total amount due is 2,12,800. (These are just sample numbers — the tool gives exact results.)

 Who Can Make Use of This Tool? Make use of this tool for: Anyone looking to borrow money People comparing loan offers

 Students managing loans for education Homebuyers or car buyers

 HR departments or financial advisors who provide salary advances ✅ Why It’s Helpful:

 Saves time and avoids manual errors

 Helps you plan your budget better

 Easy to compare different loan options

 Works on phone, tablet, or computer

 No need for complicated formulas