An EMI calculator is a simple online tool that helps you figure out how much money you will need to pay every month if you take a loan. "EMI" stands for Equated Monthly Installment.
Think of it like this:
When you take a loan (like for a house, car, or personal needs), you don't pay it all back at once. Instead, you pay a fixed amount every month until the loan is fully paid off. This fixed monthly payment is your EMI.