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          You can find out the Equated Monthly Installments payable to Banks or Financial Institutions from whom you have taken loan.   You have to enter the  Loan Amount, Rate of Interest applicable and the Period in years in which you are proposed to repay the Loan. Find out method they are calculating the interest (Annual or Monthly Reducing Balance - depending on the bank's choice) and choose the correct method. Click  the SUBMIT Button.   Installment payable by you in each month,  will be displayed.


Interest Rate (%)

Amount of loan obtained

Period of Loan (in years)

Reducing Balance based on

EMI to be paid each month


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