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EMI Calculator
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EMI Calculator

EMI Calculator

Simplify loans, plan repayments easily.

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Loan Amount
₹
Rate of Interest
%
Loan Tenure
Yrs
Monthly EMI
₹8,678
Principal Amount
₹10,00,000
Total Interest
₹10,82,776
Total Amount
₹20,82,776
₹20,82,776
Total Amount

The Growing Credit Market in India

India's credit market is steadily expanding, currently ranking as the 4th largest credit industry globally, with a CAGR of over 11% annually. Short-term credit products like personal loans and credit cards dominate, accounting for 78% of total credit lending. Borrowers should carefully calculate their EMIs (Equated Monthly Installments) to plan finances effectively.

Factors Influencing Your EMI

Before applying for a loan, consider these factors:

  1. Loan Tenure: Longer tenure reduces EMIs but increases overall interest payments, while shorter tenure increases EMIs but lowers total interest.

  2. Interest Rate: Choose loans with lower interest rates to minimize repayment costs.

  3. Loan Amount: The higher the loan amount, the higher the EMI.

How Can an EMI Calculator Help?

An online EMI calculator simplifies the process of determining monthly installment amounts for different types of loans, such as personal, home, or car loans.

Benefits:

  1. Accurate Calculations: Eliminates errors and provides precise results.

  2. Time-Saving: Instantly calculates EMIs without manual effort.

  3. Better Planning: Helps in financial planning by giving a clear picture of monthly liabilities.

  4. Customizable: Allows you to compare different loan types and terms for better decision-making.

Formula for Calculating EMI

EMI is calculated using the following formula:

EMI = [P x R x (1+R) ^N]/ [(1+R) ^ (N-1)], where –

  • P is the principal amount

  • R is the rate of interest

  • N is the loan tenure

Types of EMI Calculators

  1. Home Loan EMI Calculator:
    Used to calculate EMIs for high-value, long-term home loans. Input loan amount, tenure, and interest rate to get instant results.

  2. Car Loan EMI Calculator:
    Helps calculate EMIs for car loans to ensure repayments align with your budget.

  3. Personal Loan EMI Calculator:
    Useful for unsecured loans with higher interest rates and shorter tenures. Ideal for expenses like weddings, vacations, or medical emergencies.

  4. Education Loan EMI Calculator:
    Designed to compute EMIs for loans taken to finance education within India or abroad.

  5. Loan Against Property EMI Calculator:
    Calculates EMIs for secured loans availed by mortgaging a property.

How to Use an EMI Calculator

  1. Enter the loan amount, interest rate, and tenure in the respective fields.

  2. View the calculated EMI instantly.

Advantages of Using an EMI Calculator

  1. Accuracy: Provides precise EMI figures every time.

  2. Efficiency: Saves time by eliminating manual calculations.

  3. Free and Accessible: Available for unlimited use without any cost.

  4. Comparison: Assists in comparing loans to choose the most suitable option.

EMI calculators streamline loan planning and help borrowers make informed financial decisions efficiently.

Why Invest via Grip Invest?

₹1,000

Minimum Investment

₹1,000

Minimum Investment

4 Lac+

Trusted Investors

4 Lac+

Trusted Investors

Upto 14%

Fixed Returns

Upto 14%

Fixed Returns

Why Invest via Grip Invest?

₹1,000

Minimum Investment

₹1,000

Minimum Investment

4 Lac+

Trusted Investors

4 Lac+

Trusted Investors

Upto 14%

Fixed Returns

Upto 14%

Fixed Returns

Why Invest via Grip Invest?

₹1,000

Minimum Investment

4 Lac+

Trusted Investors

Upto 14%

Fixed Returns

Start Investing Now

FAQ's on EMI Calculator.

What sort of loans can I use the EMI calculator for?

You can use this online EMI calculator for all types of loans including personal loans, business loans, and car loans. All you need to know is the interest rate payable on the principal amount and the tenure.

What sort of loans can I use the EMI calculator for?

You can use this online EMI calculator for all types of loans including personal loans, business loans, and car loans. All you need to know is the interest rate payable on the principal amount and the tenure.

What sort of loans can I use the EMI calculator for?

You can use this online EMI calculator for all types of loans including personal loans, business loans, and car loans. All you need to know is the interest rate payable on the principal amount and the tenure.

How does the debt-to-income ratio affect my chances of availing of a loan?

To avail of a loan, your debt-to-income ratio should not be more than 50%. Otherwise, the lending institution will be led to believe that you may not have the wherewithal to repay the loan.

How does the debt-to-income ratio affect my chances of availing of a loan?

To avail of a loan, your debt-to-income ratio should not be more than 50%. Otherwise, the lending institution will be led to believe that you may not have the wherewithal to repay the loan.

How does the debt-to-income ratio affect my chances of availing of a loan?

To avail of a loan, your debt-to-income ratio should not be more than 50%. Otherwise, the lending institution will be led to believe that you may not have the wherewithal to repay the loan.

What does an EMI consist of?

An Equated Monthly Instalment represents a part of your principal amount and interest payable. It has to be paid until the tenure ends. Alternatively, you can settle the debt with a one-time payment.

What does an EMI consist of?

An Equated Monthly Instalment represents a part of your principal amount and interest payable. It has to be paid until the tenure ends. Alternatively, you can settle the debt with a one-time payment.

What does an EMI consist of?

An Equated Monthly Instalment represents a part of your principal amount and interest payable. It has to be paid until the tenure ends. Alternatively, you can settle the debt with a one-time payment.

What happens if I fail to pay my EMIs?

Financial institutions levy heavy penalties on unpaid EMIs. If you miss an EMI, you may have to pay extra in the future.

What happens if I fail to pay my EMIs?

Financial institutions levy heavy penalties on unpaid EMIs. If you miss an EMI, you may have to pay extra in the future.

What happens if I fail to pay my EMIs?

Financial institutions levy heavy penalties on unpaid EMIs. If you miss an EMI, you may have to pay extra in the future.

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Grip Invest is a SEBI-regulated platform for high-yield, fixed-income investments like Corporate Bonds and SDIs. Our mission is to enable all Indians to invest in regulated, curated, diversified opportunities offering attractive, predictable returns.

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Grip Broking Private Limited (U67120DL2023PTC410290), Member of NSE- SEBI Registration No.: INZ000312836, NSE Member Code: 90319

Registered Office: Flat No. 106, II Floor, New Asiatic Building, H Block, Connaught Place, New Delhi-110001

Corporate Office: Plot No. 3, Veritas Building, 6th Floor, Golf Course Road, Sector 53, Gurgaon-122003, Haryana

Compliance Officer: Ms. Jyotsna; Contact No: +91 93555 90389; Email id: complianceofficer@gripinvest.in

Investments in debt securities/municipal debt securities/securitised debt instruments are subject to risks including delay and/or default in payment. Read all the offer related document carefully.

Procedure to file a complaint on SEBI SCORES- (i) Register on SCORES portal (ii) Mandatory details for filing complaints on SCORES: Name, PAN, Address, Mobile Number, E-mail ID (iii) Benefits: Effective communication, Speedy redressal of the grievances

i. Prevent Unauthorised transactions in your account --> Update your mobile numbers/email IDs with your Stock Brokers. Receive information of your transactions directly from Exchange on your mobile/email at the end of the day. Prevent Unauthorized Transactions in your demat account Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from NSDL/CDSL on the same day.


ii. There is no need to issue a cheque. Please write the Bank account number and sign the IPO application form to authorize your bank to make payment in case of allotment. In case of non allotment the funds will remain in your bank account. Issued in the Interest of Investor. Investments in securities market are subject to market risks; read all the related documents carefully before investing.


iii. KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.


iv. Investor awareness on fraudsters that are collecting data of customers who are already into trading on Exchanges and sending them bulk messages on the pretext of providing investment tips and luring them to invest with them in their bogus firms by promising huge profits.


v. Advisory for investors - Clients/investors to abstain them from dealing in any schemes of unauthorised collective investments/portfolio management, indicative/ guaranteed/fixed returns / payments etc.

Attention Investors:

1. Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 01, 2020.

2. Update your email id and mobile number with your stock broker / depository participant and receive OTP directly from the depository on your email id and/or mobile number to create a pledge.

3. Check your securities / MF / bonds in the consolidated account statement issued by NSDL/CDSL every month. .......... Issued in the interest of Investors

SEBI: https://www.sebi.gov.in | NSDL: https://nsdl.co.in | CDSL: https://www.cdslindia.com | NSE: https://www.nseindia.com | BSE : https://www.bseindia.com | SMART ODR PORTAL: https://smartodr.in/login | SCORES 2.0: https://scores.sebi.gov.in | Sitemap

Terms & Conditions

Privacy Policies

Investors Corner

Contact Us

Made with love️ in India | Copyright © 2024, GripInvest

Download the Grip Invest App and stay connected 24/7

Get personalized deal recommendations

Gain insights on your portfolio performance

Receive instant updates and notifications

Grip Invest is a SEBI-regulated platform for high-yield, fixed-income investments like Corporate Bonds and SDIs. Our mission is to enable all Indians to invest in regulated, curated, diversified opportunities offering attractive, predictable returns.

Grip Broking Private Limited

Quick Links

Bond Directory

FAQs

How to Invest?

Completed Deals

Blogs

Investor Corner

Mail Us

invest@gripinvest.in

Find Us

Grip Broking Private Limited (U67120DL2023PTC410290), Member of NSE- SEBI Registration No.: INZ000312836, NSE Member Code: 90319

Registered Office: Flat No. 106, II Floor, New Asiatic Building, H Block, Connaught Place, New Delhi-110001

Corporate Office: Plot No. 3, Veritas Building, 6th Floor, Golf Course Road, Sector 53, Gurgaon-122003, Haryana

Compliance Officer: Ms. Jyotsna; Contact No: +91 93555 90389; Email id: complianceofficer@gripinvest.in

Investments in debt securities/municipal debt securities/securitised debt instruments are subject to risks including delay and/or default in payment. Read all the offer related document carefully.

Procedure to file a complaint on SEBI SCORES- (i) Register on SCORES portal (ii) Mandatory details for filing complaints on SCORES: Name, PAN, Address, Mobile Number, E-mail ID (iii) Benefits: Effective communication, Speedy redressal of the grievances

i. Prevent Unauthorised transactions in your account --> Update your mobile numbers/email IDs with your Stock Brokers. Receive information of your transactions directly from Exchange on your mobile/email at the end of the day. Prevent Unauthorized Transactions in your demat account Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from NSDL/CDSL on the same day.


ii. There is no need to issue a cheque. Please write the Bank account number and sign the IPO application form to authorize your bank to make payment in case of allotment. In case of non allotment the funds will remain in your bank account. Issued in the Interest of Investor. Investments in securities market are subject to market risks; read all the related documents carefully before investing.


iii. KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.


iv. Investor awareness on fraudsters that are collecting data of customers who are already into trading on Exchanges and sending them bulk messages on the pretext of providing investment tips and luring them to invest with them in their bogus firms by promising huge profits.


v. Advisory for investors - Clients/investors to abstain them from dealing in any schemes of unauthorised collective investments/portfolio management, indicative/ guaranteed/fixed returns / payments etc.

Attention Investors:

1. Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 01, 2020.

2. Update your email id and mobile number with your stock broker / depository participant and receive OTP directly from the depository on your email id and/or mobile number to create a pledge.

3. Check your securities / MF / bonds in the consolidated account statement issued by NSDL/CDSL every month. .......... Issued in the interest of Investors

SEBI: https://www.sebi.gov.in | NSDL: https://nsdl.co.in | CDSL: https://www.cdslindia.com | NSE: https://www.nseindia.com | BSE : https://www.bseindia.com | SMART ODR PORTAL: https://smartodr.in/login | SCORES 2.0: https://scores.sebi.gov.in | Sitemap

Terms & Conditions

Privacy Policies

Investors Corner

Contact Us

Made with love️ in India | Copyright © 2024, GripInvest

Grip Invest is a SEBI-regulated platform for high-yield, fixed-income investments like Corporate Bonds and SDIs. Our mission is to enable all Indians to invest in regulated, curated, diversified opportunities offering attractive, predictable returns.

Grip Broking Private Limited

Quick Links

Bond Directory

FAQs

How to Invest?

Completed Deals

Blogs

Investor Corner

Mail Us

invest@gripinvest.in

Find Us

Grip Broking Private Limited (U67120DL2023PTC410290), Member of NSE- SEBI Registration No.: INZ000312836, NSE Member Code: 90319

Registered Office: Flat No. 106, II Floor, New Asiatic Building, H Block, Connaught Place, New Delhi-110001

Corporate Office: Plot No. 3, Veritas Building, 6th Floor, Golf Course Road, Sector 53, Gurgaon-122003, Haryana

Compliance Officer: Ms. Jyotsna; Contact No: +91 93555 90389; Email id: complianceofficer@gripinvest.in

Investments in debt securities/municipal debt securities/securitised debt instruments are subject to risks including delay and/or default in payment. Read all the offer related document carefully.

Procedure to file a complaint on SEBI SCORES- (i) Register on SCORES portal (ii) Mandatory details for filing complaints on SCORES: Name, PAN, Address, Mobile Number, E-mail ID (iii) Benefits: Effective communication, Speedy redressal of the grievances

i. Prevent Unauthorised transactions in your account --> Update your mobile numbers/email IDs with your Stock Brokers. Receive information of your transactions directly from Exchange on your mobile/email at the end of the day. Prevent Unauthorized Transactions in your demat account Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from NSDL/CDSL on the same day.


ii. There is no need to issue a cheque. Please write the Bank account number and sign the IPO application form to authorize your bank to make payment in case of allotment. In case of non allotment the funds will remain in your bank account. Issued in the Interest of Investor. Investments in securities market are subject to market risks; read all the related documents carefully before investing.


iii. KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.


iv. Investor awareness on fraudsters that are collecting data of customers who are already into trading on Exchanges and sending them bulk messages on the pretext of providing investment tips and luring them to invest with them in their bogus firms by promising huge profits.


v. Advisory for investors - Clients/investors to abstain them from dealing in any schemes of unauthorised collective investments/portfolio management, indicative/ guaranteed/fixed returns / payments etc.

Attention Investors:

1. Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 01, 2020.

2. Update your email id and mobile number with your stock broker / depository participant and receive OTP directly from the depository on your email id and/or mobile number to create a pledge.

3. Check your securities / MF / bonds in the consolidated account statement issued by NSDL/CDSL every month. .......... Issued in the interest of Investors

SEBI: https://www.sebi.gov.in | NSDL: https://nsdl.co.in | CDSL: https://www.cdslindia.com | NSE: https://www.nseindia.com | BSE : https://www.bseindia.com | SMART ODR PORTAL: https://smartodr.in/login | SCORES 2.0: https://scores.sebi.gov.in | Sitemap

Terms & Conditions

Privacy Policies

Investors Corner

Contact Us

Made with love️ in India | Copyright © 2024, GripInvest

Download the Grip Invest App

& stay connected 24/7

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