EMI CALCULATOR

Fast Rupya EMI Calculator

The Fast Rupya EMI Calculator is designed to simplify loan repayment planning. By inputting details such as loan amount, tenure, and interest rate, it calculates your EMI, total interest payable, and the overall repayment amount. Additionally, the calculator helps you visualize potential savings and time reductions if extra payments are made, offering a clear picture of your financial commitments.

Assumptions Used in the EMI Calculator

1. Equal Length of Months
All months are considered to have equal days for simplicity, though actual days in a month may vary slightly, affecting daily interest calculations.

2. Weeks and Fortnights in a Year
A year is assumed to have 52 weeks or 26 fortnights, totaling 364 days, for consistent calculations.

3. Rounded Repayment Amounts
Repayments are rounded to the nearest rupee for ease, but unrounded figures are used internally for precise interest calculations over the loan term.

4. Time Saved with Extra Payments
When additional payments are made, the calculator displays the time saved in years, months, or weeks, factoring in partial last repayments.

5. Interest Savings
The interest savings shown are approximate and depend on the time saved due to early payments and the original loan parameters.

Disclaimer

The results from the Fast Rupya EMI Calculator are intended for guidance only and do not constitute a loan offer or guarantee. Actual loan terms and conditions may vary based on Fast Rupya’s policies and prevailing interest rates.

This format aligns with Fast Rupya’s branding and user-centric approach. Let me know if additional customization is needed!