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Challan Discounting Calculator

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STEP 01

Required loan amount

STEP 02

Interest rate

%

Min 8%

Max 30%

STEP 03

Loan tenure

month

Min 1 month

Max 12 months

Loan Summary

loangraph

Loan

Loan Amount

₹ 10,000

Interest Payable

₹ 67

Monthly EMI

₹ 10,067

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FAQs

What is an EMI Calculator?

An EMI calculator is a utility tool which helps you to calculate the amount you repay each month towards your loan. You can use the EMI calculator to calculate the EMI amount and analyse the total amount payable.

What is an EMI?

EMI (Equated Monthly Installment) is the fixed payment that the borrower makes to the lender. EMIs pay back the principal and the interest for each month, and the loan is fully repaid within a specified number of months or years.

How to use the EMI Calculator?

  • Use the slider for selecting the loan amount
  • Select the loan tenure in months using the slider
  • Move the slider and select the interest rate

EMI will be calculated immediately when you move the sliders
You can recalculate your EMI anytime by changing the input sliders

Easy & Quick Disbursals on Challan Discounting