EMI Calculator
Calculate monthly installment for Home Loan, Personal Loan, Car Loan, Business Loan, Education Loan and Bike Loan easily with online EMI Calculator
You can easily find IFSC Code, MICR Code of all the bankes in India easily. Just select the bank first then state then district then your branch name.
Frequently asked questions about EMI, EMI calculators, IFSC and MICR code
EMI refers to equated monthly installment, which is nothing but a particular sum of money that an individual pay to the lender for the loan repayment. It is paid on a specific date every month until the entire loan amount is not cleared.
EMI calculator is a simple online utility tool that helps in finding the monthly installments to be paid to the lender by the borrower. It will also help you to know about the best tenure period for paying off the loan.
Home Loan EMI Calculator will help you to calculate how much your monthly loan EMIs would be on a home loan, based on the rate of interest and the tenure of the loan. It’s an easy-to-use tool for planning your finance.
The Car Loan EMI calculator enables you to calculate your monthly loan repayment and decide the tenure suits your need. Whether you're looking to buy a luxury or middle-end car for your personal use or for commercial purposes, this tool is a perfect choice for all.
The personal loan EMI calculator helps to determine what your monthly installments will be according to various interest rates and tenure. You can plan your one-month finances along with repaying the loan and save yourself from the debt trap or shortage of funds.
Business Loan EMI calculator makes it really easy for you to calculate the EMI amount and even shows you how it will split across several years based on your tenure, interest rates, principal amount, etc. Utilize it to buy your desired car.
The Bike Loan EMI Calculator helps you calculate the monthly EMIs for your bike loan. Calculate the amount, interest rate, and monthly payment in one go! You can use it for splitting the personal expenses and loan repayment along with managing all your finances.
The Education Loan EMI calculator can be used to calculate the monthly EMI (Equated Monthly Instalment) of an education loan based on the principal loan amount, interest rate, and loan tenure. You can finance your education while planning for the full repayment in a specific time period.
IFSC is the acronym for the Indian Financial System Code that consists of 1 1 -digit characters (alphabets+numerals). It is present on the bank cheque leaves and helps in facilitating money transfer as the identification of banks becomes easier.
MICR code consists of the 9-digit alphanumeric code that helps in the identification of the bank and branch taking part in the Electronic Clearing System. Its first three-digit represents the city code, the next three bank code, and the remaining last one is the branch code.
NEFT is a convenient, inexpensive, and secure way of sending money. It was started in November 2005, and is regulated and managed by the Reserve Bank of India. It’s one of the most widely used one to one money transfer methods in India.
RTGS, or real time gross settlement is a money transfer process from one bank to another in real time. It is primarily for the large value transactions that start from 2 lakh rupees. You can access this 24×7 hours, all the year.
IMPS, or Immediate Payment Service is an economical way to transfer money from one bank account to another electronically. An individual can easily transfer funds anytime and anywhere using the IMPS system. It's accessible from a mobile device, ATMs, and SMS.