Calculate EMI

What is Equated Monthly Installment(EMI)? 

Equated Monthly Installment (EMI) is a fixed amount of money paid by a borrower to a lender at a specified date each calendar month. EMIs are typically used to repay loans such as home loans, car loans, or personal loans, and consist of both principal and interest components.

Why to use EMI Calculator?

 An EMI calculator is a handy tool used to calculate the Equated Monthly Installment (EMI) that a borrower needs to pay towards their loan. 

How to use the SBS EMI Calculator?

1. Enter the Loan Amount.
2. Enter the Interest Rate of your loan (Find and Compare interest rates of loans).
3. Enter the Loan Term.
4. Click on 'Calculate'. The results will be displayed immediately.