EMI Management Guide
Understand Equated Monthly Installments, calculate your loan payments, and learn smart strategies to manage and reduce your EMI burden.
What is EMI?
- • Equated Monthly Installment
- • Fixed monthly payment
- • Principal + Interest components
- • Reduces over time
EMI Calculation
- • Formula: P × r × (1+r)^n / [(1+r)^n-1]
- • P = Principal amount
- • r = Monthly interest rate
- • n = Loan tenure (months)
Reducing EMI Burden
- • Make prepayments when possible
- • Negotiate lower interest rates
- • Increase EMI amount gradually
- • Consider loan restructuring
EMI Management Tips
- • Keep EMI under 40% of income
- • Set up auto-debit
- • Track payment schedules
- • Avoid multiple EMIs
Calculate Your EMI
Use our calculators to plan your loan and understand the total cost.