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What is EMI?

Repayment process segregated over a span of time isknown as EMIs or Equated Monthly Installments. These installments are fixed amounts comprising principal amount and interest. The interest rate varies from lender to lender.

What is an EMI calculator?
The EMI calculator is an automated utility tool used to estimate the repayments of a loan against property. On relevant details provided by the user, like loan amount, tenure, and interest rate, an exact calculation can be made.

With an EMI calculator, the estimation provided is accurate and with proper breakdowns. Along with it, a tabular representation of periodic payments, principal, and interest rates can also be provided.

How does the EMI calculator work?
EMIs are estimated on three primary values: the loan amount, the rate of interest, and the tenure of repayments.

  1. The loan amount is the loan against the property.
  2. The rate of interest is the charge for borrowing money and in general vary from 1% to 10%.
  3. Loan tenure is the time provided to the borrower for repayments.

Why use an EMI calculator?

While EMIs can be calculated manually, a calculator has the following benefits over it:

  • The calculator provides instant results, that are accurate and error-free. EMIs involves complex calculations and with pen and paper, it takes longer time.
    Also with a calculator, you can calculate variable loan amounts faster.
  • Understanding the monthly EMI expense is important before applying for a loan. You can modify expenses accordingly.
  • It is a much easier process when it comes to using the EMI calculator. All you must do is fill up the details, and the calculator provides speedy results.


You can use this Mortgage Calculator to any point of any form.

Request method should be POST. Values to ne send through JSON format in body and result will come in JSON format.

A request may look like this:

End point — https://technokrats.in/api.php

Payload —                    {

“interest”: “1.6”,

“principal”: “10000”,

“years”: “12”


Return — {“pmt”:”76.37″,”total”:”10997.35″,”save”:”-76.37″}



Duration0.9 seconds
HeadersContent-Type: application/json
Body{   “interest”: “1.6”,   “principal”: “62690”,   “years”: “5” }


Status Code200
Headersserver: nginx/1.14.0 (Ubuntu) date: Mon, 25 Jan 2021 18:34:16 GMT content-type: text/html; charset=UTF-8 transfer-encoding: chunked connection: close
Body{   “pmt”: “1087.88”,   “total”: “65272.79”,   “save”: “-1087.88” }