EMI Calculator is online tool to calculate how much amount a borrower have to pay each month against the loan. EMI is the acronym for Equated Monthly Installments or Easy Monthly Installments. Loan amount, interest rate and loan period are the key terms to find out monthly installments, total repayment and interest cost. Similar to mortgage amortization, EMI calculator also determines how much amount one has to pay back each month and describes the amount of money which goes towards the principal and interest. By using this EMI calculator, you can determine which loan provider provides you the best value by comparing different rates, time period and loan amounts.