Use an EMI calculator to estimate your monthly payments, total interest, and overall loan cost. Simply enter the loan amount, interest rate, and repayment period to see different options and choose the one that best fits your budget.

1. Monthly payments (EMI): This is the crucial figure you’ll pay each month towards the loan. Knowing the EMI beforehand helps you assess affordability and budget accordingly.
2. Total interest amount: This reflects the total cost of borrowing the money. Understanding this figure helps you compare loan offers and make informed decisions.
3. Overall loan cost: This combines the principal amount with the total interest, giving you a complete picture of the loan’s financial impact.