LoansJul 2025
An EMI (Equated Monthly Instalment) is the fixed amount you repay each month towards a loan. It is made up of both principal and interest.
The EMI depends on three factors: the loan amount (principal), the interest rate charged by the lender, and the tenure. A longer tenure usually means a lower EMI but higher total interest.
Before you borrow, use an EMI calculator to estimate your monthly obligation and ensure it fits comfortably within your budget. Remember that the actual rate, fees and terms are set by the lender.
This article is for general information only and is not financial advice. Loan and insurance terms are determined by the respective lender/insurer.