Welcome to Money Made Simple! Today, we’re talking about one of the smartest ways to manage your loans—using an EMI calculator. Whether it’s a home loan, car loan, or personal loan, this tool helps you plan repayments with ease.

An EMI calculator works by taking three simple inputs: loan amount, interest rate, and tenure. In seconds, it shows your monthly instalment. Knowing this upfront helps you:

• Plan your budget by knowing exactly how much of your income goes toward repayment.
• Compare loan offers from different banks or lenders.
• Adjust tenure smartly—longer tenures mean lower EMIs but higher total interest, while shorter ones save interest but increase EMIs.

For instance, a ₹5 lakh personal loan at 12% for 5 years gives you an EMI of about ₹11,000. Stretching it to 7 years reduces the EMI to ₹8,800 but increases your total interest significantly.

By estimating your EMIs in advance, you avoid stress, make informed choices, and stay in control of your finances.

Thanks for tuning in! Try the Shriram Finance EMI Calculator to plan smarter before taking your next loan.