Emi calculate: 22-May Update — RBI

22-May Update — RBI has extended EMI moratorium on all term loans by another 3 months till 31-August-2020. The Reserve Bank of India had announced a 3-month EMI moratorium as a Covid-19 regulatory package in March 2020. In a previous post, we discussed if you should opt for such a moratorium. The crux was that, if… Continue Reading You can calculate EMI for home loan, car loan, personal loan, education loan or any other fully amortizing loan using this calculator . Enter the following information in the EMI Calculator : I have been paying EMI for 5 years but the principal outstanding has hardly changed. Why? This is one question that has puzzled many of us. The answer lies in understanding how loan calculations work. Most loans are Reducing Balance loans (instead of flat interest rate loans). To understand the difference between the two methods, suggest… Continue Reading Manufacturers and sellers lure buyers with low EMI payments and buyers fall into the trap without understanding the interest rate for such loans. Given the loan amount (i.e., item price), EMI and tenure, this calculator helps you estimate the interest rate on such loans.