A loan EMI calculator is an online tool that helps you estimate your monthly loan payments. It takes into account the loan amount, interest rate, and loan tenure to calculate the Equated Monthly Installment (EMI), which is the fixed amount you will pay each month to repay your loan. Here's a breakdown of the information an EMI calculator typically provides: 1) Monthly EMI amount: This is the fixed amount you will pay each month to repay your loan. The EMI is calculated using a formula that con