EMI calculator can be used to calculate EMI payment on any loan easily! EMI (Equated Monthly Installment) is what you pay every month for the repayment of your home loan, car loan or personal loan. EMI depends on the loan amount, the interest rate and the number of years in which the loan has to be repaid. EMI consists of two parts, the principal and the interest of the loan amount. You can check the affordability of the loan with the easy to use EMI calculator. Type in the required numbers and click on the Calculate button to see the EMI and loan amortization schedule.