EMI Calculator
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What is EMI Calculator?
EMI (Equated Monthly Installment) Calculator is a financial tool used to calculate the monthly payment amount required to repay a loan, such as a home loan, car loan, or personal loan. The EMI calculation takes into account the loan amount, interest rate, and tenure of the loan.
How can the EMI Calculator help you?
EMI calculator can help you simply calculate the EMI amount that you would need to pay each month to repay the loan along with the interest rate and tenure of the loan details. This information can help you plan your budget and make informed decisions about taking out a loan. Additionally, you can use the EMI calculator to compare different loan options based on interest rates and loan tenure, to determine which one best fits your needs and budget.
How to use Swifttax compound interest calculator?
Here are the steps to use the SwiftTax EMI calculator:
- Visit the SwiftTax website, click Calculators, and select the “EMI Calculator” option.
- Enter the loan amount: This is the total amount of the loan you want to take.
- Enter the interest rate: This is the interest rate offered by the lender for the loan.
- Enter the tenure: This is the duration of the loan in months or years.
- After entering the above information, press the “calculate” button to see the EMI amount, which is the monthly payment you would need to make to repay the loan.
- Review the results to see the total amount you would need to repay, including the interest, and the monthly payment amount.