EMI Calculator - Version 1.0 EMI or Equated Monthly Installment is a mode of repayment of various types of loans. Low EMIs are always advisable as they are easy to manage even if the level of income is low. Our EMI calculator will help you calculate EMI.Using our EMI calculator you can find monthly EMI on loans. Even though EMI is an affordable repayment option, the interest rate is usually high and banks use EMI repayment as a way to conceal high interest rates. Compare different type of loans, monthly EMI payable and interest rates offered by different banks before deciding where to get the loan.Download our EMI calculator to calculate EMI.