EMI or Equated Monthly Instalment is a fixed payment amount you have to pay to your lender at a specified date each calendar month. Your loan EMI comprises two components – the principal amount and the interest amount.
EMI Calculator: Calculate EMI on Home, Two-Wheeler & Other Loans
What is EMI Calculator?
An EMI (Equated Monthly Instalment) Calculator helps you calculate your monthly repayments you need to make towards a loan. The calculator shows you the total instalment you have to pay, including both the principal and the interest amount. Use Ujjivan SFB EMI Calculator to check your repayment obligations and plan your finances better.
Loan EMI Calculator
₹50K₹1Cr
1 month240 months
5%30%
Types of EMI Calculator
Business/MSME Loan EMI Calculator
Home Loan EMI Calculator
Individual Loan EMI Calculator
Group Loan EMI Calculator
Top-Up Loan EMI Calculator
Two-Wheeler Loan EMI Calculator
Electric Three-Wheeler Loan EMI Calculator
Loan Against Property EMI Calculator
Home Improvement Loan EMI Calculator
Gold Loan EMI Calculator
Features & Benefits of Ujjivan SFB EMI Calculator
Simple and user-friendly design
Get instant results
Compare EMIs with various loan amount, tenures and interest rates
Minimal details required
Completely online & free
How to Use our EMI Calculator?
Our EMI calculator is extremely easy to use and features a user-friendly interface. All you need to do is enter the amount, tenure and applicable interest rate. Alternatively, you can drag the slide bar to select the parameters.
Once done, you will be able to view a detailed break-up of your loan repayment schedule.
Disclaimer: Ujjivan Small Finance Bank does not guarantee accuracy, completeness or correct sequence of any details provided therein and therefore no reliance should be placed by the user for any purpose whatsoever on the information contained / data generated herein or on its completeness accuracy. The use of any information set out is entirely at the User’s own risk. User should exercise due care and caution, including if necessary, obtaining of advice of legal, tax, accounting, financial and/or other professionals prior to taking any decision.
FAQs
Some of the most commonly used EMI calculators are:
Home Loan EMI Calculator: Our home loan EMI calculator lets you check your home loan EMI schedule within a few seconds.
Two-Wheeler Loan EMI Calculator: Calculate your two-wheeler loan EMI in advance and manage your finances better.
Business Loan EMI Calculator: Designed for MSMEs, our business loan EMI calculator lets you calculate your loan repayment obligations in a few seconds.
Individual Loan EMI Calculator: Conveniently check your monthly repayment obligations with our Individual Loan EMI Calculator.
Group Loan EMI Calculator: Designed for group loan applicants, this tool calculates your group loan EMI instantly.
The formula to calculate your loan EMI is as follows:
P x R x [(1 + R) N / ((1 + R) N – 1].
P = Principal amount, R = rate of interest, and N = the loan's duration in months.
However, manual calculations can be extremely time consuming may leave room for errors.
To quickly calculate your loan EMI, use our EMI calculator.
Some of the factors that may impact your loan EMI are:
Loan amount: The principal amount can significantly impact your loan EMI. A big-ticket loan translates to higher EMIs.
Interest rate: This is the cost of borrowing your money. A higher interest rate leads to higher EMIs.
Tenure: When you take a loan, you have the option to select your loan tenure. A longer tenure translates to lower EMIs. However, for long-term loans, you end up paying more towards the interest, increasing the overall cost of the loan. For shorter tenures, though your EMI will be on the higher bracket, you end up paying less towards the interest.
Loan prepayment: If you make partial payments towards your loan, your EMI may come down.
For a better understanding, use our loan EMI calculator to compare EMIs.
If you fail to make EMI payments
A penal interest rate could be levied
Your CIBIL or credit score will be impacted
Legal action could be initiated for defaulters
So, never forget to pay your EMIs on time.