To use an EMI calculator, simply enter the loan amount, interest rate, and loan tenure (in months or years). The calculator will then compute your EMI, giving you an accurate estimate of your monthly payment.

Your EMI is influenced by three main factors: the loan amount, the interest rate, and the loan tenure. A higher loan amount or interest rate increases your EMI, while a longer tenure can lower your monthly payments but increase overall interest.

Yes, an EMI calculator can be used for various types of loans, including personal loans, home loans, auto loans, and more. Just make sure to input the correct details for each loan type.

Most EMI calculators also display the total interest payable over the loan tenure, helping you understand the overall cost of the loan in addition to the monthly installment.