What is Loan EMI Calculator
Loan EMI Online Calculator is a free or paid tool. it is available on different financial sites and apps. it helps borrowers to calculate their monthly repayment amount of a loan, including the principal amount, interest rate, and loan term.
How to Use Pricemint Loan EMI Calculator Online
To use the Pricemint Loan EMI Calculator online, follow these simple steps:
Open your web browser and go to the Pricemint website.
Navigate to the Loan EMI Calculator page.
Enter the loan amount you want to borrow in the loan amount field.
Enter the interest rate offered by the lender in the interest rate field.
Enter the loan tenure in years in the loan tenure field.
Click on the “Calculate” button.
The EMI amount, total interest payable, and total amount payable over the loan tenure will be displayed on the screen.
You can adjust the loan amount, interest rate, and loan tenure as per your needs
click on the “Calculate” button again to see the updated results.
You can also view the amortization schedule, which shows the break-up of each EMI into its principal and interest components and the outstanding balance on the loan at the end of each month.