An EMI (Equated Monthly Installment) calculator is a financial tool that helps users determine the monthly payment they need to make towards a loan. By entering the loan amount, interest rate, and tenure, the calculator computes the EMI based on a standard formula. It provides a clear breakdown of the principal and interest amounts over the loan period, helping borrowers plan their finances effectively. Whether for personal loans, home loans, or business loans, an EMI calculator simplifies complex calculations and allows users to compare loan options, making it easier to choose the right financial solution.